Unethical business practices harm organizations and economies. Large-scale business failures such as Enron—as well as the more recent failures related to the global financial crisis—highlight the consequences of unethical business practices and amoral management. Professional accountants, as stewards of transparency and trust, and subject to a professional code of ethics, have a key role to play not only in upholding but in encouraging and influencing ethical behavior and decision making within their organizations. Read More


Confidentiality versus Whistleblowing in the Public Interest—Debating the Responsibility of Professional Accountants

by Paul Thompson, Director, SMP & SME Affairs | April 17, 2014 |

In May-July 2014, the IESBA will be holding a series of three global roundtables to gain additional feedback on its project to address professional accountants’ responsibilities regarding the disclosure to an appropriate authority of suspected non-compliance with laws and regulations. At the heart of this debate is what is reasonable to ask of auditors and other professional accountants within their public interest mandate. What do you think? Read More


How Best to Respond to Ethical Challenges in Business
by Stathis Gould, Head of Professional Accountants in Business, IFAC | December 14, 2013 |

Most accountants in business and the public sector, whether working in a small organization or serving as the CFO of an international corporation, face ethical dilemmas during their professional careers. Ethical dilemmas come in many forms and accountants sometimes need support to address complex and challenging conflicts. Accountants may also treat ethical dilemmas as "business decisions" and not utilize their professional code to assess potential courses of action. Read More


Ethical Leadership and Developing a Code of Conduct for Organizations
by Stathis Gould, Head of Professional Accountants in Business, IFAC | November 5, 2013 |

In a Compliance Week blog post, Editor-in-Chief Matt Kelly commented that MF Global demonstrates all the worst ways that senior management can let "tone at the top" go wrong and cites three sentences taken from a post-mortem published by a trustee investigating MF Global. Read More



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