The Technology Working Group of the International Ethics Standards Board for Accountants (IESBA) is pleased to announce the members of the recently established IESBA Technology Experts Group (TEG).
Experienced in using and implementing technology, TEG members will act as a “sounding board” to the IESBA’s Technology Working Group, providing advice and other input to help inform the Working Group’s fact-finding work and deliverables.
The TEG will be chaired by IESBA Member and Chair of the Technology Working Group, Mr. Brian Friedrich. TEG members are:
Jason Bradley, Financial Reporting Council, United Kingdom
Clinton Firth, Ernst & Young, Middle East and North Africa
William Gee, PricewaterhouseCoopers, Mainland China and Hong Kong
Loreal Jiles, Institute of Management Accountants, North America
Mario Malouin, Université du Québec en Outaouais, North America
The TEG is expected to hold its first meeting before the IESBA’s June 2022 Board Meeting. The TEG will receive technical staff support from Jon Reid, Senior Technical Manager at the Australian Accounting Professional & Ethical Standards Board (APESB), a member of the IESBA-National Standard Setters liaison group.
About the IESBA’s Technology Initiatives
The IESBA is progressing multiple technology workstreams in a coordinated manner. This includes:
The development of technology-related revisions to the Code so that it remains relevant and fit for purpose as technology advances (the Technology project). On February 18, 2022, the IESBA released its Exposure Draft: Proposed Technology-related Revisions to the Codewith a comment period until June 20, 2022.
Fact finding to identify and assess the potential impact of technology on the behavior of professional accountants and the applicability of the Code in relation to ethics and independence.
The development of technology-related thought leadership and other materials in relation to ethics and independence for professional accountants and the wider stakeholder community.
Additional information about the IESBA’s technology workstreams is available on the IESBA’s website.
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This one-hour webinar will also include an opportunity for stakeholders to participate in a questions and answers session with the presenters, Mr. Richard Huesken, IESBA member and Chair of the Technology Task Force, and Mr. Gregory Driscoll, IESBA technical advisor and member of the Technology Task Force. It will be held on Zoom.
The IESBA’s technology exposure draft represents the IESBA’s firm response to the transformative effects of technology by enhancing the Code’s robustness and expanding its relevance in an environment being reshaped by rapid technological advancements. The proposed amendments will guide the ethical mindset and behavior of professional accountants in business and in public practice as they deal with changes brought by technology in their work processes and the content of the services they provide. The proposed revisions build on the role and mindset changes that became effective last December, and the revised Non-Assurance Services (NAS) provisions that will become effective in December 2022.
The webinars will be held in English and available on YouTube following the session.
