• Gina Maldonado-Rodek

    Job Title

    IESBA Technical Advisor for Kim Gibson

    Country

    United States of America

    Gina Maldonado-Rodek is a Director of Global Independence for Grant Thornton International Ltd. In her role, she oversees the development of independence policies and training courses and advises member firms throughout the Grant Thornton network in the application of independence rules, professional standards, and regulatory requirements.

    Mrs. Maldonado-Rodek is a Certified Public Accountant in New York and a member of the American Institute of CPAs. She holds an MBA in international business from Rutgers University (US) and a BS in accounting from New York University (US). 

  • IESBA Embarks on Strategic Review; Seeks Input From Stakeholders

    New York, New York English

    The International Ethics Standards Board for Accountants® (IESBA®) today released an online survey seeking comments, views, and insights from all stakeholders to help shape its future strategic direction. The survey closes on July 18, 2017.

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

    “By the end of 2017, the IESBA expects to have completed major projects to strengthen the Code as well as restructure it for greater clarity and usability. We recognize that beyond these improvements, it is in the public interest to continue to enhance the Code as a bedrock of public trust in the global accountancy profession, and to promote its further adoption and effective implementation around the world,” said Dr. Stavros Thomadakis, IESBA Chairman. “This survey is an important first step in gathering views on specific developments, needs, and priorities that will enable the Code to remain globally relevant, reinforce its high quality, and facilitate adoption and effective implementation.”

    Responses to the survey will inform the IESBA’s development of a formal consultation paper on its Strategy and Work Plan beyond 2018. The consultation paper is expected to be issued in 2018.

    A pdf version of the survey is also available.

    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.

  • IESBA March 2017 Meeting Highlights Podcast

    English

    Highlights from the IESBA's March 13-15, 2017, meeting in New York, New York.

    0:10 Introduction

    0:40 Overview from IESBA Chairman Dr. Stavros Thomadakis

    5:29 Professional Skepticism

    8:00 Part C of the IESBA Code

    10:00 Fees Working Group Update

    11:41 Proposed Staff-Prepared Q&As on Long Association

    12:25 Closing Remarks

    Meeting Highlights Listen & Subscribe in iTunes
    IESBA March 2017 Meeting Highlights Podcast

  • IESBA eNews: December Meeting Highlights; Restructuring the Code

    English
    IESBA Meeting, December 12–15, 2016, in New York, New York

    The December meeting highlights feature updates on the IESBA’s current projects and initiatives, including: Long Association, Structure of the Code of Ethics for Professional Accountants (the Code), Safeguards, Part C, Professional Skepticism, and the IESBA’s future strategy and work plan. The IESBA also received a final report on a review of academic research and other literature on the topic of fees, and provided input on proposed IESBA Staff Questions & Answers (Q&As) addressing responding to non-compliance with laws and regulations (NOCLAR) (see below).

    The IESBA approved three Exposure Drafts, and agreed in principle the new structure and drafting conventions of the Code, the restructured text of Phase 1 of its Structure project, and the revised text of Phase 1 of its Safeguards project. The latter comprises revisions to the provisions in the extant Code relating to the conceptual framework (Section 120) and the application of the conceptual framework to professional accountants in public practice (Section 300). See Restructuring the Code for the status of all the component pieces of the Structure project, set for completion at the end of the year, along with numerous support materials including an Update from the board, Mapping Table, and Compilation of the Proposed Restructured Code.

    Listen to December Highlights >> | Read December Meeting Summary >>

    Structure Phase 2 Exposure Draft

    The Structure Phase 2 proposals restructure select sections of the Code, including recently finalized provisions addressing accountants’ response to NOCLAR, long association of firm personnel with an audit or assurance client, and ethical issues that professional accountants in business often face.

    Comment by May 25 >>

    Safeguards Phase 2 Exposure Draft

    The proposals address safeguards-related provisions in the Code’s independence sections pertaining to non-assurance services provided to audit and assurance clients. The document also explains the rationale for the revisions to the non-assurance services section of the extant Code; and the proposed conforming amendments arising from the Safeguards project as these relate to the text of Phase 1 of the Structure project.

    Comment by April 25 >>

    Applicability Part C Exposure Draft

    The proposals clarify the applicability of the requirements and application material in the Code’s extant Part C—Professional Accountants in Business—to professional accountants in public practice.

    Comment by April 25 >>

    Implementation Support—NOCLAR Q&As

    The IESBA’s final pronouncement, Responding to Non-Compliance with Laws and Regulations, comes into effect July 15, 2017. To support implementation, IESBA staff have released two Q&A documents: one for professional accountants in practice; and one for professional accountants in business. For additional resources, see the IESBA NOCLAR page. The text of the NOCLAR pronouncement is being redrafted as part of the Structure project (See Structure Phase 2 above). The restructuring work is not intended to change the substance of the NOCLAR provisions. Additional implementation support resources will be made available on the IESBA NOCLAR page in due course.

    Access Q&As >>

    Professional Skepticism

    The IESBA considered a proposal for a short-term project and proposed enhancements to more strongly emphasize professional skepticism in the Code. The IESBA will consider a revised project plan and proposals at its March 2017 meeting. The IESBA also received an update on the recent activities of the tripartite Professional Skepticism Working Group (PSWG) comprising representatives of the International Auditing and Assurance Standards Board (IAASB), IESBA, and International Accounting Education Standards Board (IAESB).

    See Agenda Papers >>

    IESBA Strategy and Work Plan 2019-2023

    The IESBA began developing its next Strategy and Work Plan (SWP) with initial consideration of matters to include in a survey, to be issued as part of an extensive due process at the end of March, followed by a consultation paper by Q1 2018. As part of this process, the IESBA will hear a presentation at its next meeting about transformation of the accounting and finance functions, including disruptions from technological advances and innovation.

    See Agenda Papers >>

    IESBA CAG Teleconferences

    The Consultative Advisory Group (CAG) met twice by phone: once in January to receive a report-back on the outcome of the IESBA’s deliberations regarding the Long Association project in the light of comments raised by the Public Interest Oversight Board (PIOB), and in December to consider a proposal for a short-term IESBA project to respond to stakeholder calls for greater emphasis on professional skepticism in the Code.

    Access Jan 11 Meeting Papers >>

    Access Dec 7 Meeting Papers >>

    Recent PIOB Activity

    At its December 1-2, 2016, meeting, the Public Interest Oversight Board (PIOB) discussed the IESBA task force's response to the PIOB’s feedback on the Long Association project. In January 2017, the PIOB concluded that the Long Association close-off document was approved by the IESBA in accordance with due process and with proper regard for the public interest.

    Access PIOB Update >>

    Handbook Code of Ethics for Professional Accountants

    Register or log in for access to current Handbook of the Code of Ethics for Professional Accountants for personal use or to purchase print copies.

    Access Handbook >>

  • IESBA Staff Release New Q&As—Responding to Non-Compliance with Laws & Regulations

    English

    International Ethics Standards Board for Accountants (IESBA) staff today released two Q&A publications to support the adoption and implementation of the IESBA’s NOCLAR pronouncement, which will come into effect July 15, 2017.

    The Q&As for professional accountants in public practice (PAIPPs) cover issues related to applicability, audits of financial statments, and professional services other than financial statement audits, among others.

    The Q&As for professional accountants in business (PAIBs) cover issues related to scope, PAIB responsibilities (for senior vs. other PAIBs), organizational culture, and NOCLAR disclosure, among others.

    See also the IESBA's NOCLAR web page for access to the pronouncement and support materials including videos, fact sheet, and more. 

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