Skip to main content

Responding to a Suspected Illegal Act

IESBA
| Exposure Drafts and Consultation Papers
English
Comments due by:

This Exposure Draft (ED) proposes new requirements that address a professional accountant’s responsibilities regarding the disclosure of suspected illegal acts committed by a client or employer. The proposals describe the circumstances in which a professional accountant is required or expected to override confidentiality and disclose the act to an appropriate authority.

The ED proposes adding two new sections addressing illegal acts to the Code of Ethics for Professional Accountants (the Code)—one each for professional accountants in public practice and professional accountants in business—and several revisions to other related sections. The new sections clearly delineate the expected course of action for a professional accountant to take if those charged with governance do not respond to the issue appropriately.

Comments are welcome from all stakeholders. See also the press release for more information. 

Copyright © 2024 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

  1. CGA-Canada (436.24 KB)
     (Canada)
  2. PICPA (111.19 KB)
     (United States of America)
  3. CIPFA (56.41 KB)
     (United Kingdom)
  4.  (Australia)
  5.  (United States of America)
  6.  (Belgium)
  7.  (Germany)
  8.  (Sweden)
  9. iCPAR (421.19 KB)
     (Rwanda)
  10.  (Germany)
  11.  (Czech Republic)
  12.  (Hong Kong, Special Administrative Region of China)
  13. RSM International (278.34 KB)
     (United Kingdom)
  14.  (United States of America)
  15. McGladrey LLP (200.13 KB)
     (United States of America)
  16. MNP (70.83 KB)
     (Canada)
  17.  (India)
  18.  (Korea)
  19. ICAEW (160.93 KB)
     (United Kingdom)
  20. CCAB (79.85 KB)
     (United Kingdom)
  21.  (Italy)
  22.  (Kenya)
  23.  (Pakistan)
  24. FAOA (1.86 MB)
     (Switzerland)
  25. Mazars (108.16 KB)
     (United Kingdom)
  26. ICAS (291.69 KB)
     (United Kingdom)
  27.  (United Kingdom)
  28.  (United States of America)
  29.  (United States of America)
  30.  (United States of America)
  31.  (Uganda)
  32. BDO (163.88 KB)
     (United Kingdom)
  33.  (Malta)
  34.  (United States of America)
  35.  (United Kingdom)
  36.  (United Kingdom)
  37. ASSIREVI (1.15 MB)
     (Italy)
  38.  (Brazil)
  39.  (United Kingdom)
  40.  (Canada)
  41. SRA (56.55 KB)
     (Netherlands)
  42.  (Belgium)
  43.  (Zambia)
  44.  (Spain)
  45.  (United States of America)
  46.  (Australia)
  47.  (Belgium)
  48.  (Australia)
  49.  (Australia)
  50.  (Cyprus)