Exposure Drafts and Consultation Papers
Published: Sep 08, 2017
Comments due by:
Dec 08, 2017
Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements
The proposals strengthen the provisions in the Code of Ethics for Professional Accountants regarding the accepting and offering of inducements by establishing a comprehensive framework that covers all forms of inducements and which applies to both professional accountants in business and professional accountants in public practice. The proposals would also require professional accountants to understand and comply with relevant laws and regulations in situations related to bribery and corruption and prohibit the offering and accepting of inducements with intent to improperly influence behavior.
Once finalized, the provisions will form the last component of the restructured Code.
Copyright © 2017 The International Federation of Accountants (IFAC). All rights reserved.