Highlights from the CAG's June 17, 2019 meeting in Toronto, Canada:

• 00:11     Welcome and introduction
• 00:36     Chair’s summary of the IPSASB CAG meeting
• 09:32     Closing remarks

Highlights from the IPSASB June 2019 meeting in Toronto, Canada:

• 00:10     Welcome and introduction: John Stanford, Technical Director
• 01:06     Chair’s meeting overview: Ian Carruthers, Chair
• 02:52     Public Sector Specific Financial Instruments: Dave Warren, Principal
• 03:58     Revenue with Performance Obligations: Amon Dhliwayo, Manager
• 05:30     Revenue without Performance Obligations: Joanna Spencer, Manager
• 06:36     Expenses: Paul Mason, Consultant
• 08:15     Leases: Ian Carruthers, Chair
• 11:38     Chair’s concluding comments: Ian Carruthers, Chair
• 13:23     Closing remarks: John Stanford, Technical Director

The International Ethics Standards Board for Accountants (IESBA) today launched the eCode – a web-based tool that delivers the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) on a digital platform. In addition to “app-like” features and functionalities, this new platform better demonstrates the Code’s “building blocks” architecture and scalability.

The eCode represents the outcome of a strategic initiative to leverage modern technologies, including mobile access, to make the content of the Code as widely accessible and visible and as user-friendly as possible. In addition to enhanced search and navigation, the eCode includes links to non-authoritative resources that provide contextual information or explain the rationale for particular provisions in the Code.

“The eCode is an innovative response to stakeholder calls for more support for implementation,” said Dr. Stavros Thomadakis, IESBA Chairman. “Technology opens many opportunities for enhancement to the user experience, and with the eCode we have sought creative and appealing ways to do so. We firmly believe the eCode will greatly facilitate adoption, consistent application and enforcement of the Code in the public interest.”

“The launch of the eCode is timely as the Restructured and Revised Code came into effect earlier this month,” said Ken Siong, IESBA Senior Technical Director. “Technology is rapidly transforming the ways of work and how information is accessed and used. It is therefore apt to see the Code now accessible on a digital platform which users will find familiar and intuitive.”

The development of the eCode has benefited from the operational support of the International Federation of Accountants (IFAC) as well as staff support from the New Zealand External Reporting Board. The IESBA will continue its collaboration with these partners as it embarks on a second phase of this initiative to explore additional features as well as avenues to transfer the platform to adopters of the Code.

The eCode is available free-of-charge at www.IESBAeCode.org. The IESBA welcomes feedback from all stakeholders. In particular, views are sought about usability features, national adoption of the eCode platform, and areas for further improvement from firms, national standard setters, regulators and audit oversight bodies, professional accountancy organizations, investors and academia. Please email suggestions to IESBAeCode@ethicsboard.org.

Learn more about the Code, including the five fundamental principles of integrity; objectivity; professional competence and due care; confidentiality; and professional behavior on the IESBA’s website.

Click here to access tutorial-styled video on the features of the eCode.

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.

00:10 - Introduction: Diane Jules, IESBA Deputy Technical Director
00:59 - Highlights & Key Developments: Stavros Thomadakis, IESBA Chairman
04:03 - Role & Mindset: Richard Fleck, IESBA Deputy Chair
04:42 - Non-Assurance Services: Richard Fleck, IESBA Deputy Chair
06:25 - Fees: Ian McPhee, IESBA Member
07:57 - eCode: Brian Friedrich, eCode Working Group Chair
10:39 - Final thoughts: Stavros Thomadakis, IESBA Chairman
12:06 - Closing Remarks: Diane Jules, IESBA Deputy Technical Director

• 00:00 to 02:18 Introduction – Willie Botha, Technical Director
• 02:19 to 06:48 ISA 315 (Revised) – Fiona Campbell, Deputy Director and Task Force Chair
• 07:01 to 11:49 ISA 600 – Len Jui, Board Member and Task Force Chair
• 12:03 to 15:15 Agreed-upon Procedures – Eric Turner, Board Member and Task Force Chair
• 15:31 to 21:09 Audit Evidence, Extended External Reporting, Professional Skepticism, IASB Update, IESBA Coordination, Auditor Reporting – Willie Botha, Technical Director
• 21:26 to 22:29 Outgoing Chairman’s Overview – Arnold Schilder, Outgoing Chair
• 22:30 to 23:30 Incoming Chairman’s Overview – Tom Seidenstein, Incoming Chair
• 23:32 to 26:19 Closing remarks and next meeting – Willie Botha, Technical Director