In June 2019, the IESBA will launch its eCode—a bold innovation that offers professional accountants a new way to engage with the International Code of Ethics for Professional Accountants (including International Independence Standards). The document below provides a refresher on the Code’s architecture and explains the objective of, and the rationale for, the eCode. It also highlights the eCode’s key features and provides launch timing information.
How the IAASB's Proposed Quality Management Standards Are Scalable for SMPs
The IAASB recently released a suite of proposed international standards on quality management. The proposals change the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements.
This video explains how the IAASB’s proposed quality management standards are scalable for small- and medium-sized practices.
Accounting technicians play an important role in many jurisdictions and an accounting technician qualification is frequently a pathway into the accountancy profession. The Framework’s illustrative example is a resource for professional accountancy organizations creating an Accounting Technician designation as an additional pathways into the accountancy profession. Those interested in sharing their experience and knowledge should email their articles and/or resources marked “IFAC AAT Framework Discussion”.
This communiqué is part of a series from the IAASB Professional Skepticism Working Group, providing updates on the IAASB’s efforts to appropriately reflect professional skepticism in its standards, together with other relevant news and information. The previous edition is available online.
The revised International Education Standard (IES) 7, Continuing Professional Development, clarifies the principles and requirements for how professional accountancy organizations measure, monitor, and enforce their continuing professional development systems. It makes it clear that all professional accountants must develop and maintain professional competence to perform their role.
