• Exposure Draft, Proposed Revisions to Part 4B of the Code

    To Reflect Terms and Concepts Used in ISAE 3000 (Revised)

    This exposure draft seeks views from practitioners and other stakeholders in relation to proposed revisions to Part 4B of the revised and restructured International Code of Ethics for Professional Accountants (including International Independence Standards) to reflect terms and concepts used in International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information.

    The proposals in the Exposure Draft include:

    Published:
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  • IESBA March 2019 Meeting Highlights Podcast

    New York, New York English

    00:10 - Introduction: Diane Jules, IESBA Deputy Technical Director
    00:54 - Highlights & Key Developments: Stavros Thomadakis, IESBA Chairman
    03:24 - Role & Mindset: Richard Fleck, IESBA Deputy Chair
    05:17 - Non-Assurance Services: Richard Fleck, IESBA Deputy Chair
    08:06 - Fees: Ian McPhee, IESBA Member
    10:35 - Alignment of Part 4B with ISAE 3000: Liesbet Haustermans, IESBA Member
    14:05 - Technology: Patricia Mulvaney, IESBA Member
    18:06 - eCode: Brian Friedrich, eCode Working Group Chair
    19:44 - Final thoughts: Stavros Thomadakis, IESBA Chairman
    21:16 - Closing Remarks: Diane Jules, IESBA Deputy Technical Director

    Meeting Highlights Listen & Subscribe in iTunes
    IESBA March 2019 Meeting Highlights Podcast

  • Masahiro Yamada

    Job Title

    IESBA Technical Advisor for Vania Borgerth and Tomoyo Imura

    Country

    Japan

    Masahiro Yamada is Partner of PricewaterhouseCoopers Arata LLC based in Tokyo, and has been responsible for independence matters since July 2016. Mr. Yamada has been auditing a number of multi-national clients since he became a CPA in 1987.

    Mr. Yamada is a member of the Japanese Institute of Certificed Public Accountants and has served as a member of the Ethics Committee of the JICPA since 2016.   Mr. Yamada has a bachelor fo commerce from Keio University in Tokyo.

  • Kemisha Soni

    Job Title

    IESBA Technical Advisor for Sanjiv Chaudhary

    Country

    India

    CA. Kemisha Soni, second term Central Council Member, has been nominated by ICAI as Technical Advisor to CA. Sanjiv Chaudhary. She is a fellow member of ICAI, Law Graduate and also holds a  Diploma in Information Systems Audit. Prior to that she has served as an Observer – IESBA for 2017-18. She has also represented ICAI on Committee on Professional Ethics and Independence and SMP Committee of SAFA.

    Owing to her vast experience, professional expertise and sharp acumen, she has served as a Director to the Boards of Madhya Pradesh Stock Exchange and Shubhalaxmi Mahila Co- operative Bank Ltd, Indore. She also served as Regional Arbitrator at the prestigious Bombay Stock Exchange and National Stock Exchange.

    Besides holding the Chair at Board of Studies of ICAI, she currently is a Vice Chairperson of the Ethical Standard Board, Convenor of Women Members Empowerment Group and a member of a wide spectrum of committees.

  • IESBA eNews: February 2019

    New York, New York English

    A big thanks to all respondents to our proposed Strategy and Work Plan 2019-2023. Your feedback was discussed at our December 2018 meeting and informed the revisions made to the SWP. The revised SWP was approved in December and will be released in April 2019, subject to the Public Interest Oversight Board’s confirmation that due process has been followed.

    Two webinars, and a new video resource as we count down to New Code Effective Date!

    Hard to believe, but less than 6 months to go before the revised and restructured Code becomes effective! 
    To support its roll-out, we’re holding two global 90 minute webinars suitable for any professional using, enforcing, teaching or engaging with the Code.

    Additionally, learn more about the IESBA’s revised and restructured Code; and the importance of having an Ethics Code for professional accountants and earn yourself CPE credits!
    For more and latest support materials, continue to check our dedicated webpage.

    Read More

    We applaud the IAASB’s Quality Management Exposure Drafts!

    We congratulate the International Auditing and Assurance Standards Board (IAASB) for issuing proposed Quality Management standards!
    The proposed standards reinforce the need for firms to comply with the fundamental principles of ethics and independence requirements. They will make a meaningful contribution to enhanced audit quality.
    We encourage all our stakeholders to provide their input to the IAASB’s exposure draft, which asks important questions about ethics and independence matters. The link below will take you to the IAASB’s consultation page. Make your voice heard!

    Read More

    e-Code

    The IESBA’s proposed eCode will be a major new way of engaging with the Code of Ethics. At our last meeting the IESBA received a preview of its potential to provide users with a great experience that will also facilitate consistent application and enforcement.
    We anticipate launching the e-Code’s first phase by June 2019, coinciding with the revised and restructured Code’s effective date.

    Read More

    Technology

    The IESBA® approved Terms of Reference for its Technology Working Group. As part of a multi-phased approach, the Working Group will engage widely with its stakeholders to gather activity information, including in relation to artificial intelligence, robotic process automation, data analytics and big data.
    We’re looking forward to the Working Group’s update at our next meeting in March 2019.

    Read More

    Chairman’s Keynote Address at APESB Dinner Event

    On November 8, 2018, our Chair, Dr. Stavros Thomadakis, gave a keynote address in Sydney at the Accounting Professional & Ethical Standards Board (APESB) dinner. Celebrating great news that the Restructured International Code of Ethics has been incorporated into Aussie ethical standards, Stavros shared his thoughts about the Code’s essentials, its global positioning, and the challenges and opportunities faced by both standard setters and Code users.

    Read More

    Upcoming IESBA Meeting Dates
    • March 11 - 13, 2019 | IFAC Offices, New York
    • June 17 - 19, 2019 | NASBA Offices, Nashville
    • September 16 - 19, 2019 | AICPA Offices, New York
    • December 3 - 6, 2019 | IFAC Offices, New York
    • Register to attend the IESBA meeting
    Want to know more?

    Read the minutes and working papers for all our IESBA meetings. They’re a great information source about project progress and how we support and protect the public interest.
    The IESBA’s multi-stakeholder Consultative Advisory Group (CAG) meets a week before the board to provide strategic input on our meeting agenda materials, as well as our projects and initiatives more broadly. You can also read all the CAG’s minutes and working papers.

  • Two IESBA Global Ethics Webinars to Support Revised and Restructured Code of Ethics

    New York, New York English

    The International Ethics Standards Board for Accountants® (IESBA®) is pleased to announce two 90-minute webinars supporting the roll-out of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).

    To join one of the two webinars, any professional using, applying and enforcing the Code should click the link on their preferred date below to register:

    • Thursday March 28, 2019 at 7:00 AM EST
    • Wednesday April 17, 2019 at 10:00 AM EST

    During the webinar, the IESBA representatives will explain the Code’s new structure; and the substantive revisions, including to the conceptual framework and provisions relating to inducements, including gifts and hospitality; pressure; and preparing and presenting information. The webinar will also touch on the new Non-compliance with Laws and Regulation (NOCLAR) and  revised Long Association provisions which are already effective; as well as the IESBA’s e-Code initiative.

    Effective mid-June 2019, the Code reinforces professional accountants’ responsibility to comply with the five fundamental principles of ethics and emphasizes the International Independence Standards that apply in performing audits, reviews and other assurance engagements.

    More information about the Code is available at the IESBA’s website.   

    If you have questions about this webinar, please email Geoff Kwan at geoffkwan@ethicsboard.org.  

    All professionals using, applying and enforcing the Code are warmly invited to attend

  • Sanjiv Chaudhary

    Country

    India

    Nominated by the ICAI, Sanjiv Chaudhary was appointed to the IESBA in 2019 and retired from the Board in 2023.  With over 37 years experience, Mr. Chaudhary is a Senior Advisor, Policy and Regulatory matters in a large accounting firm having international affiliation. He was a member of the ICAI Central Council from February 2013 till February 2019 and  has served on various committees including the Expert Advisory Committee, Research Committee, Accounting Standard Board, Audit & Assurance Standards Board, and International Taxes committees. He also chaired the ICAI’s Ethical Standards Board for 2018-19 year and presently a co-opted member of the said Board.

    A Chartered Accountant, Mr. Chaudhary holds a Bachelor of Commerce (Hons.) from University of Delhi, India; CPA Australia; and is a registered Insolvency Professional and a Law Graduate.

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