• IESBA Proposes Revised Ethical Requirements Prohibiting Improper Inducements

    New York, New York English

    The International Ethics Standards Board for Accountants® (IESBA®) today released for public comment the Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements. The proposals strengthen the Code of Ethics for Professional Accountants (the Code) by clarifying the appropriate boundaries for the offering and accepting of inducements, and by prohibiting any inducements with intent to improperly influence behavior.

    The proposed comprehensive framework covers all forms of inducements and applies to both professional accountants in business and professional accountants in public practice. It also provides enhanced guidance on the offering and accepting of inducements by professional accountants’ immediate or close family members.

    “Inducements with intent to improperly influence behavior are a very major concern for the public interest, and they include the issues of bribery and corruption. Inducements made with improper intent are unacceptable and should be prohibited,” said IESBA Chairman Dr. Stavros Thomadakis.

    Among other matters, the proposals also require professional accountants to address any threats to compliance with the fundamental ethical principles in accordance with the Code’s conceptual framework where there is no improper intent.

    “The development of the proposals was informed by input from Transparency International UK based on their experience and insights in the area of bribery and corruption,” noted IESBA Technical Director Ken Siong. “When completed, the provisions will constitute the last piece of the substantively revised and restructured Code.”

    How to Comment
    The IESBA invites all stakeholders to comment on the Exposure Draft by visiting the Ethics Board’s website at www.ethicsboard.org. Comments are requested by December 8, 2017.

    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 www.ethicsboard.org for more information, and follow us on Twitter @Ethics_Board.

    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 more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.

  • 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 imprope

    Published:
    |

  • Ellen Goria

    Job Title

    Technical Advisor for Nancy Miller

    Country

    United States of America

    Ellen Goria is the Associate Director of Global Professional Ethics in the Professional Ethics Division at the Association of International Certified Professional Accountants. Ms. Goria is involved with the division’s standard setting and member enrichment activities and serves as the technical advisor to Andrew Mintzer of the IESBA. She also oversees the Ethics Hotline and interprets the AICPA’s Code of Professional Conduct by providing guidance to membership, state CPA societies, and other interested parties on ethics and independence issues. In her role, Ms. Goria works closely with other AICPA teams to ensure publications accurately reflect the AICPA’s current ethical positions.

  • IESBA June 2017 Meeting Highlights Podcast

    English

    Highlights from the IESBA's June 19-21, 2017 meeting in New York, NY. 

    • 00:12 - Introduction: Ken Siong, IESBA Technical Director
    • 00:49 - Highlights & Key Developments: Stavros Thomadakis, IESBA Chairman
    • 03:11 - Part C of the IESBA Code: Helene Agelii, IESBA Member
    • 06:14 - Safeguards: Gary Hannaford, IESBA Member
    • 09:28 - Professional Skepticism – Patricia Mulvaney, IESBA Member
    • 13:59 - Structure of the IESBA Code, Don Thomson, Task Force Chair and former IESBA Member
    • 16:07 - Fees Working Group – Ian McPhee, IESBA Member
    • 17:24 - Closing Remarks: Ken Siong, IESBA Technical Director
    Meeting Highlights Listen & Subscribe in iTunes
    IESBA June 2017 Meeting Highlights Podcast

  • IESBA Strategy Survey Questionnaire

    The International Ethics Standards Board for Accountants (IESBA) Strategy Survey seeks early input into the key issues the IESBA should address that might impact its Code of Ethics for Professional Accountants. This is a first step in the development of the IESBA’s strategy and work plan beyond 2018.

    Published:
    |
Subscribe to IESBA