How the New Ethics Code Will Affect Your Standards

International Ethics Standards Board for Accountants | February 18, 2019 | 1

Many thanks to the Financial Management Network for this informative program featuring the International Ethics Standards Board for Accountants (IESBA) Chairman, Dr. Stavros Thomadakis of Greece and two IESBA members; Ms. Caroline Lee of Singapore, and Mr. Ian McPhee of Australia.

Learn more about the IESBA’s revised and restructured Code; and the importance of having an Ethics Code for professional accountants. Other topics addressed include:

  • The IESBA’s role in setting ethics standards for the accounting profession;
  • Adoption of the IESBA Code;
  • The fundamental principles and independence;
  • The meaning of professional skepticism; and
  • The difference between the purposes of confidentiality statutes and the rules on noncompliance with laws and regulations (NOCLAR).  

Continuing Professional Education (CPE) credits are available for viewing this program by clicking here courtesy of Smart Pros eCampus.

SmartPros is an affiliate of the Financial Management Network which is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Issues and Insights

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Alvaro Alvaro March 24, 2019

Es importante ver los códigos de ética que han sido expedidos por los países como en el caso de Colombia con la Ley 43 de 1990 en su articulo 37, que no se sabe con cual de ellos se debe regir la profesional contable sí con el emitido por la IFAC o por la Ley 43 de 1990, esto no se le ha hecho claridad y crea dificultades en el momento de ser aplicado./// It is important to see the codes of ethics that have been issued by countries as in the case of Colombia with Law 43 of 1990 in its Article 37, which is not known which of them should govern the professional accountant yes with the one issued by IFAC or by Law 43 of 1990, this has not been clarified and creates difficulties when it is applied.

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