The objective of the IESBA’s Rollout initiative is to promote awareness of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the revised and restructured Code) and support its adoption and effective implementation. Key rollout out activities include:
The IESBA has undertaken a project to review and compare the terms and concepts in the revised and restructured Code (specifically the International Independence Standards, Part 4B – Independence for Other Assurance Engagements Other than Audit and Review Engagements) and the IAASB’s ISAE 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information.
The objective of the IESBA’s Non-assurance Services (NAS) project is to is to ensure that all the NAS provisions in the Code are robust and of high quality for global application, thereby increasing confidence in the independence of audit firms. The project scope will encompass the International Independence Standards related to the provision of NAS to audit clients.
Every year, IFAC develops a work plan for the Member Body Compliance Program that is consistent with IFAC’s strategy. This work plan is developed with advice and oversight from the Compliance Advisory Panel.
On December 19, 2018, IFAC will host a one-hour webinar on a future model for advancing international accountancy education in the public interest. The webinar will preview planning to date and provide an outline of the model prior to approval and implementation in 2019.
This model is aimed at ensuring the global accountancy profession addresses the challenges stemming from a rapidly changing environment by harnessing a comprehensive and integrated approach.
To include as many interested parties as possible, the webinar will be available at two times (registration required):
The transition from the current structure to a future model was announced by IFAC and the International Accounting Education Standards Board in August 2018, followed by the creation of the International Accountancy Education Transition Advisory Group to advise on the model’s development and transition plans.
The Call for Nominations for 2020 volunteer opportunities to serve on the independent international audit and ethics standard-setting boards is now open.
There are five volunteer openings on the International Auditing and Assurance Standards Board (IAASB) and six volunteer opportunities on the International Ethics Standards Board for Accountants (IESBA), including public member positions.
High-quality international standards that underpin the global accountancy profession are developed by independent standard-setting boards comprised of dedicated volunteers committed to the public interest.
Nominations for these volunteer positions are open to all stakeholders, including institutional investors and analysts, audit committee members, corporate governance professionals, academics, regulators, policy makers, standard setters as well as individuals from governmental agencies, accountancy firms and the general public. Nominations of non-accountants for the public member vacancies are strongly encouraged. Travel support is available to public members, self-nominees and qualified candidates from developing nations.
Candidates should have strong knowledge of the subject matters considered by a particular board and be fluent in English. While selection for a board is based on objective review of qualifications and experience, the nominations process is focused on encouraging a diverse pool of candidates. Nominations of highly qualified candidates from Africa, Middle East, Latin America, Caribbean and Asia are strongly encouraged. Nominations of female candidates from all regions are particularly welcome.
Nominations can be submitted through the Nominations Database before February 15, 2019. For more details regarding available positions and membership requirements, please see the Call.
The nominations process, with public interest oversight, aims to select the most suitable candidates for the available positions, while also aiming to achieve gender, regional and professional balance.
About the IAASB
The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB, and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org.
About the IESBA
The IESBA is an independent standard-setting board that develops and issues, in the public interest, high-quality ethical standards and other pronouncements for professional accountants worldwide. Through its activities, the IESBA develops the Code of Ethics for Professional Accountants, which establishes ethical requirements for professional accountants. The structures and processes that support the operations of the IESBA are facilitated by IFAC. Please visit http://www.ethicsboard.org for more information, and follow us on Twitter @Ethics_Board.
This Call for Nominations for the IAASB and IESBA Membership in 2020 is issued to key stakeholders and interested parties to invite their nominations for volunteer service on the independent international audit and ethics standard-setting boards.
Volunteers are central to the effective functioning of our global standard setting boards, through active participation in meetings, task forces and outreach activities.