Consistent with the SWP strategic theme “Elevating Ethics in a Dynamic and Uncertain World,” the objectives of the Task Force (TF) are to:
(a) Gather an understanding of regulatory, practice and other developments in corporate and individual tax planning by PAIBs and PAPPs.
(b) Identify and analyze the ethical implications of those developments and determine whether there is a need for enhancements to the Code or further actions.
A global search has begun for highly qualified volunteers to fill seven volunteer openings on the International Auditing and Assurance Standards Board (IAASB) as Board Member for an initial term of up to 3 years, commencing January 1, 2021.
As a result of the IAASB’s normal rotation cycle, the current search, being conducted by a nominating committee, is for one public member, one non-practitioner member and five practitioner members. All stakeholders, including the general public, are invited to apply or nominate candidates.
For public member and non-practitioner vacancies, the nominating committee is interested in candidates from a wide range of relevant backgrounds, including: users of audited financial statements or assurance reports (e.g. institutional investors and analysts, audit committee members, and individuals from the corporate governance community); regulatory and audit inspection or oversight bodies; preparers of financial reports; academics; and individuals in the government sector.
For practitioner vacancies, nominations of candidates from small- and medium-sized practices (SMPs) are strongly encouraged.
Candidates should have experience with auditing and/or assurance issues and sufficient knowledge of the subject matters considered by the IAASB to be important to contribute effectively to the board’s work. English proficiency is essential and gender balance remains an area of focus for the board. Additionally, nominations from currently underrepresented regions (Latin America, Africa and the Middle East), are strongly encouraged.
The IAASB is an independent standard-setting body that serves the public interest by setting, under its own authority, high-quality international standards. The nominations process, with public interest oversight, aims to select the most suitable candidates for the available positions, while also aiming to achieve gender, regional and professional balance.
For more information and to learn how to submit an application before the January 31, 2020 deadline, please visit the nominating committee’s web page.
Professional accountants and other business professionals are often faced with complicated, real world situations that are not black and white and demand pragmatic and ethical solutions. To help address these challenging situations, IFAC is releasing the first installment in a new series titled: Exploring the IESBA Code.
Through twelve monthly installments, Exploring the IESBA Code will take an in-depth look at the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code). Each installment of the series will highlight different aspects of the Code in real-world situations, in a manner that is relatable and practical. A special focus will be placed on recent revisions to the Code.
The first installment of the Exploring the IESBA Code deals with the five Fundamental Principles of ethics, which establish the standard of behavior expected of all professional accountants - a standard which enable accountants to uphold their responsibility to act in the public interest.
To read and download this and future installments, visit the IFAC website.
The Exploring the IESBA Code was published by IFAC and does not form part of the Code. It is non-authoritative and is not a substitute for reading the Code.
For more information about the Code, please click here.
An Informational Series to Promote the Code of Ethics
Professor of Management Practice in Accounting, London Business School
Andrew was educated at the University of Vienna and Balliol College Oxford. He is Professor of Management Practice at the London Business School having previously been Professor of Accounting and Financial Control. He has also served in a number of administrative roles, including as Dean from 2009 to 2017. His current research is on the role of judgement in management after he became curious as to why judgement, which is generally highly valued, is not developed or used in management. He has an Honorary Doctorate from the London Business School and from three other universities.
