For the first time, Indonesia holds the G20 Presidency, a cooperation forum of 20 of the world's major economies.  This is a strategic momentum for Chartered Accountants in Indonesia to contribute in this presidency to strengthen the integrity and compliance worldwide. In 2022, The Institute of Indonesia Chartered Accountants or Ikatan Akuntan Indonesia (IAI) has placed its National Council Members as members of Integrity and Compliance Task Force B20 Indonesia to provide significant contribution towards sustainability governance implementation worldwide.

The IPSASB staff are a diverse group of professionals who support the IPSASB's activities and operate under its guidance. IPSASB staff come from a variety of backgrounds and share a commitment to strengthening public sector financial accountability around the world.

In addition to supporting the Board’s project work, IPSASB staff also engage in outreach events around the globe to raise IPSAS awareness and promote their adoption and implementation, as well highlighting the use of accrual information in strengthening Public Financial Management.

The International Federation of Accountants (IFAC) is seeking user feedback via a brief survey that will help shape phase two of its digital platform, e-International Standards (eIS). The anonymous survey allows users to rank which features they would like to see in future updates to the platform, and even includes a space to suggest ideas.

Since its launch in November 2021, eIS has provided over 30,000 stakeholders digital access to standards and resources developed by the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and the International Public Sector Accounting Standards Board (IPSASB).

IFAC intends to consistently evolve the platform to meet user needs and will take into consideration all survey responses when moving forward with the product. The survey closes on August 31, 2022.

Access the e-International Standards platform here.

About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.

The Staff of the International Ethics Standards Board for Accountants (IESBA) today released a questions and answers (Q&As) publication to explain key revisions to the non-assurance services (NAS) provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code). Together with the recently issued fee-related revisions to the Code, the NAS revisions significantly strengthen the International Independence Standards by addressing public interest concerns about independence when firms provide NAS to their audit clients. The development of the Q&As has been informed by the IESBA’s deliberations in the project to revise the NAS provisions and extensive consultations with a wide range of stakeholders, including regulators and audit oversight bodies, the investor and corporate governance communities, national standard setters, firms and professional accountancy organizations.

The publication complements the Basis for Conclusions for the final NAS pronouncement and is intended to assist national standards setters, professional accountancy organizations, and professional accountants in public practice as they adopt and/or implement the revised NAS provisions. The Q&As will also assist other stakeholders, including regulators and audit oversight bodies, those charged with governance, investors, preparers, and academics and other educators better understand the key changes to the NAS provisions of the Code. These changes include the new requirements and guidance that:

• Prohibit a firm or a network firm from providing a NAS that might create a self-review threat to an audit client that is a public interest entity.
• Explain how firms are to determine when a self-review threat to independence might be created, including in relation to providing advice and recommendations to an audit client.
• Are relevant in applying the Code’s conceptual framework to identify, evaluate, and address threats to independence that might be created when an audit firm provides a NAS to an audit client.
• Enable and promote more robust communication and engagement about independence matters relating to NAS between audit firms and those charged with governance of public interest entities.

The revised NAS provisions are effective for audits of financial statements for periods beginning on or after December 15, 2022.

Click here to access the revised NAS provisions, and the other recently approved changes to the Code.