The International Public Sector Accounting Standards Board(IPSASB®) has issued Request for Information, Concessionary Leases and Other Arrangements Similar to Leases.
The Request for Information will provide the IPSASB with further information on the issues that need to be considered in accounting for concessionary leases and other arrangements similar to leases that are quite common in the public sector. This will then allow the IPSASB to determine the nature and extent of the additional guidance required in phase two of the Leases project.
Yaoshu Wu became a member of the International Ethics Standards Board for Accountants in January, 2021. She was nominated by the Chinese Institute of Certified Public Accountants (CICPA).
Ms. Wu currently serves as the Director of the Professional Standards and Technical Guidance Department of CICPA, where she chaired her team in responsibility of developing professional standards and ethical rules for CPAs in China, as well as monitoring and reviewing implementation of standards.
Ms. Wu previously worked as the Deputy Director of the Quality Assurance Department of CICPA, where she was in charge of quality review of accounting firms for over 10 years. From 2012 to 2013, Ms. Wu was seconded as a financial analyst in the World Bank in Washington D.C, and during that time she passed the Uniform CPA Examination of US and got a CPA license of Virginia in the United States.
Ms. Wu received her master degree in Accounting of the Central University of Finance & Economics in China. Now she is a non-practicing member of CICPA.
Specialist, ISA Implementation, Chamber of Auditors of the Republic of Belarus
As part of the ISA Implementation Committee, Alexandra Gridushko is involved in bringing the practice of applying national rules of auditing closer to the international standards. She also collaborates with IFAC on translation of news resources for the involvement of the Belarusian community of auditors in the international audit practice.
The International Ethics Standards Board for Accountants (IESBA) today released a Report, Ethics and Trust – Breaking New Ground summarizing the Board’s Accomplishments from June 1, 2016 to July 31, 2020. The Report includes an update on the IESBA’s current projects and initiatives, and highlights the Board’s extensive efforts in promoting awareness, adoption, and implementation of the International Code of Ethics for Professional Accountants (including International Independence Standards). The Report also touches on the outreach activities undertaken by the Board to extend and deepen its dialogue with stakeholders about issues relevant to elevating global ethics and building public trust in the accounting profession.
“Ethics is the foundation on which public trust in the accounting profession is built,” said IESBA Chairman Dr. Stavros Thomadakis. “IESBA has been diligently focused on strengthening and enhancing the Code during the period covered by the report. The revised and restructured Code, which has been effective since June 2019, reflects these important enhancements. Our current work program builds on that strong foundation and includes projects to further strengthen the International Independence Standards.”
The Report includes messages from the former Chair of the IESBA’s Consultative Advisory Group (CAG), Mr. Kristian Koktvedgaard, and the current CAG Chair, Mr. Gaylen Hansen. The CAG messages outline the work of the CAG in providing advice to the IESBA in setting standards in the public interest.
Click here to learn more about IESBA, and to access the Report.
