Code of Conduct

Comply with applicable laws governing their domestic and international business and conduct their affairs in keeping with the highest legal and ethical standards, including, where applicable, the IESBA’s International Code of Ethics.

Comply with applicable privacy laws covering the collection, use and disclosure of personal information in the course of conducting their business and respect the confidentiality of sensitive information.

IFAC’s privacy policy can be found at http://www.ifac.org/privacy-policy. 

Any questions about IFAC’s Privacy Policy should be addressed to the IFAC Data Protection Officer at PrivacyOfficer@ifac.org.

​​​​​​In order to adhere to commitments to donors, if any, who may provide funding to either IFAC or the IPSASB, IFAC is committed to ensuring that its employees and volunteers, partners, operations and programs do no harm to children, young people or vulnerable adults (collectively, “vulnerable people”); that they do not expose them to the risk of discrimination, neglect, harm and abuse by staff, consultants, and volunteers in the performance of their responsibilities; and that any credible suspicions or actual incidents related to the safety of vulnerable people are dealt with and reported to the appropriate authorities; and that an appropriate level of protection is provided to vulnerable employees and volunteers, when ill or at risk of harm or abuse, for example. This purpose of this policy is to therefore provide staff, consultants, and volunteers with the overarching principles that guide our approach to safeguarding and child protection.

We recognize that:

• child welfare is of paramount importance;
• this extends to vulnerable adults, 18 years and above, who by reason of disability, age, gender, social and economic status, or illness, the context they are in, may be unable to take care of or to protect him or herself against abuse, harm or exploitation; and
• IFAC has a role in ensuring a safe physical and emotional environment for vulnerable people in any situation where IFAC employees, volunteers, partners or programs deal with vulnerable p/eople.

IFAC has zero tolerance against abuse and exploitation of vulnerable people. IFAC also expects its employees and volunteers to ensure the safety and wellbeing of any vulnerable people with whom we work, including using our safeguarding procedures to share concerns and relevant information and manage any allegations against staff and volunteers appropriately.   This is stated in the Codes of Conduct for both IFAC employees and IFAC volunteers.

IFAC also has zero tolerance with respect to sexual exploitation and abuse. In addition to any sexual activity with minors, this includes any actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions; any actual or attempted abuse of position of vulnerability, differential power or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. This includes acts of transactional sex, solicitation of transactional sex, and exploitative relationships.

Any credible suspicions or actual incidents should be reported through IFAC’s Whistleblowing policy.

Any questions about this policy can be directed to IFAC Human Capital at IFACHumanCapital@ifac.org.

Create a safe, positive, inclusive, productive, and equal–opportunity work environment that is free from harassment or discrimination. IFAC will also not tolerate harassment or discrimination on the basis of race, religion, creed, color, national origin, sex, sexual orientation, gender identity, age, ancestry, physical or mental disability, medical condition/characteristics, marital status, or any other classification protected by local, state, or federal laws. Any questions about these policies should be directed to IFAC Human Capital at IFACHumanCapital@ifac.org. 

Sexual Harassment Policy:

IFAC is committed to maintaining a workplace free from sexual harassment. Sexual harassment is a form of workplace discrimination. All employees are required to work in a manner that prevents sexual harassment in the workplace. This Policy is one component of IFAC’s commitment to a discrimination-free work environment. Sexual harassment is against the law[1] and all employees have a legal right to a workplace free from sexual harassment and employees are urged to report sexual harassment by filing a complaint internally with IFAC. Employees can also file a complaint with a government agency or in court under federal, state or local antidiscrimination laws.

IFAC policy applies to all employees, applicants for employment, interns, whether paid or unpaid, contractors and persons conducting business, regardless of immigration status, with IFAC. In the remainder of this document, the term “employees” refers to this collective group.

Sexual harassment will not be tolerated. Any employee or individual covered by this policy who engages in sexual harassment or retaliation will be subject to remedial and/or disciplinary action (e.g., counseling, suspension, termination).

Retaliation Prohibition: No person covered by this Policy shall be subject to adverse action because the employee reports an incident of sexual harassment, provides information, or otherwise assists in any investigation of a sexual harassment complaint. IFAC will not tolerate such retaliation against anyone who, in good faith, reports or provides information about suspected sexual harassment. Any employee of IFAC who retaliates against anyone involved in a sexual harassment investigation will be subjected to disciplinary action, up to and including termination. All employees, paid or unpaid interns, or non-employees[2] working in the workplace who believe they have been subject to such retaliation should inform a supervisor or manager.  All employees, paid or unpaid interns or non-employees who believe they have been a target of such retaliation may also seek relief in other available forums, as explained below in the section on Legal Protections.

Sexual harassment is offensive, is a violation of our policies, is unlawful, and may subject IFAC to liability for harm to targets of sexual harassment. Harassers may also be individually subject to liability. Employees of every level who engage in sexual harassment, including managers and supervisors who engage in sexual harassment or who allow such behavior to continue, will be penalized for such misconduct.

IFAC will conduct a prompt and thorough investigation that ensures due process for all parties, whenever management receives a complaint about sexual harassment, or otherwise knows of possible sexual harassment occurring. IFAC will keep the investigation confidential to the extent possible. Effective corrective action will be taken whenever sexual harassment is found to have occurred. All employees, including managers and supervisors, are required to cooperate with any internal investigation of sexual harassment.

All employees are encouraged to report any harassment or behaviors that violate this policy. IFAC will provide all employees a complaint form for employees to report harassment and file complaints.

Managers and supervisors are required to report any complaint that they receive, or any harassment that they observe or become aware of, to director or Human Resources.

This policy applies to all employees, paid or unpaid interns, and non-employees and all must follow and uphold this policy. This policy must be provided to all employees and should be posted prominently in all work locations to the extent practicable (for example, in a main office, not an offsite work location) and be provided to employees upon hiring.

What Is “Sexual Harassment”?

Sexual harassment is a form of sex discrimination and is unlawful under federal, state, and (where applicable) local law. Sexual harassment includes harassment on the basis of sex, sexual orientation, self-identified or perceived sex, gender expression, gender identity and the status of being transgender.

Sexual harassment includes unwelcome conduct which is either of a sexual nature, or which is directed at an individual because of that individual’s sex when:

• Such conduct has the purpose or effect of unreasonably interfering with an individual’s work performance or creating an intimidating, hostile or offensive work environment, even if the reporting individual is not the intended target of the sexual harassment;
• Such conduct is made either explicitly or implicitly a term or condition of employment; or
• Submission to or rejection of such conduct is used as the basis for employment decisions affecting an individual’s employment.
• A sexually harassing hostile work environment includes, but is not limited to, words, signs, jokes, pranks, intimidation or physical violence which are of a sexual nature, or which are directed at an individual because of that individual’s sex. Sexual harassment also consists of any unwanted verbal or physical advances, sexually explicit derogatory statements or sexually discriminatory remarks made by someone which are offensive or objectionable to the recipient, which cause the recipient discomfort or humiliation, which interfere with the recipient’s job performance.
• Sexual harassment also occurs when a person in authority tries to trade job benefits for sexual favors. This can include hiring, promotion, continued employment or any other terms, conditions or privileges of employment. This is also called “quid pro quo” harassment.
• Any employee who feels harassed should report so that any violation of this policy can be corrected promptly. Any harassing conduct, even a single incident, can be addressed under this policy.

Examples of sexual harassment

The following describes some of the types of acts that may be unlawful sexual harassment and that are strictly prohibited:

Physical acts of a sexual nature, such as:

• Touching, pinching, patting, kissing, hugging, grabbing, brushing against another employee’s body or poking another employee’s body;
• Rape, sexual battery, molestation or attempts to commit these assaults.

Unwanted sexual advances or propositions, such as:

• Requests for sexual favors accompanied by implied or overt threats concerning the target’s job performance evaluation, a promotion or other job benefits or detriments;
• Subtle or obvious pressure for unwelcome sexual activities.

Sexually oriented gestures, noises, remarks or  jokes, or comments about a person’s sexuality or sexual experience, which create a hostile work environment.

Sex stereotyping occurs when conduct or personality traits are considered inappropriate simply because they may not conform to other people's ideas or perceptions about how individuals of a particular sex should act or look.

Sexual or discriminatory displays or publications anywhere in the workplace, such as:

• Displaying pictures, posters, calendars, graffiti, objects, promotional material, reading materials or other materials that are sexually demeaning or pornographic. This includes such sexual displays on workplace computers or cell phones and sharing such displays while in the workplace.

Hostile actions taken against an individual because of that individual’s sex, sexual orientation, gender identity and the status of being transgender, such as:

• Interfering with, destroying or damaging a person’s workstation, tools or equipment, or otherwise interfering with the individual’s ability to perform the job;
• Sabotaging an individual’s work;
• Bullying, yelling, name-calling.

Who can be a target of sexual harassment?

Sexual harassment can occur between any individuals, regardless of their sex or gender. New York Law protects employees, paid or unpaid interns, and non-employees, including independent contractors, and those employed by companies contracting to provide services in the workplace. Harassers can be a superior, a subordinate, a coworker or anyone in the workplace including an independent contractor, contract worker, vendor, client, customer or visitor.

Where can sexual harassment occur?

Unlawful sexual harassment is not limited to the physical workplace itself.  It can occur while employees are traveling for business or at employer sponsored events or parties. Calls, texts, emails, and social media usage by employees can constitute unlawful workplace harassment, even if they occur away from the workplace premises, on personal devices or during non-work hours.

Retaliation

Unlawful retaliation can be any action that could discourage a worker from coming forward to make or support a sexual harassment claim.  Adverse action need not be job-related or occur in the workplace to constitute unlawful retaliation (e.g., threats of physical violence outside of work hours).

Such retaliation is unlawful under federal, state, and (where applicable) local law. The New York State Human Rights Law protects any individual who has engaged in “protected activity.” Protected activity occurs when a person has:

• made a complaint of sexual harassment, either internally or with any anti-discrimination agency;
• testified or assisted in a proceeding involving sexual harassment under the Human Rights Law or other anti-discrimination law;
• opposed sexual harassment by making a verbal or informal complaint to management, or by simply informing a supervisor or manager of harassment;
• reported that another employee has been sexually harassed; or
• encouraged a fellow employee to report harassment.

Even if the alleged harassment does not turn out to rise to the level of a violation of law, the individual is protected from retaliation if the person had a good faith belief that the practices were unlawful. However, the retaliation provision is not intended to protect persons making intentionally false charges of harassment.

Reporting Sexual Harassment

Preventing sexual harassment is everyone’s responsibility. IFAC cannot prevent or remedy sexual harassment unless it knows about it. Any employee, paid or unpaid intern or non-employee who has been subjected to behavior that may constitute sexual harassment is encouraged to report such behavior to a supervisor, manager or the director of human resources. Anyone who witnesses or becomes aware of potential instances of sexual harassment should report such behavior to a supervisor, manager or the director of human resources.

Reports of sexual harassment may be made verbally or in writing. A form for submission of a written complaint is attached to this Policy, and all employees are encouraged to use this complaint form. Employees who are reporting sexual harassment on behalf of other employees should use the complaint form and note that it is on another employee’s behalf.

Employees, paid or unpaid interns or non-employees who believe they have been a target of sexual harassment may also seek assistance in other available forums, as explained below in the section on Legal Protections.

Supervisory Responsibilities

All supervisors and managers who receive a complaint or information about suspected sexual harassment, observe what may be sexually harassing behavior or for any reason suspect that sexual harassment is occurring, are required to report such suspected sexual harassment to the director of human resources.

In addition to being subject to discipline if they engaged in sexually harassing conduct themselves, supervisors and managers will be subject to discipline for failing to report suspected sexual harassment or otherwise knowingly allowing sexual harassment to continue.

Supervisors and managers will also be subject to discipline for engaging in any retaliation.

Complaint and Investigation of Sexual Harassment

All complaints or information about sexual harassment will be investigated, whether that information was reported in verbal or written form. Investigations will be conducted in a timely manner, and will be confidential to the extent possible.

An investigation of any complaint, information or knowledge of suspected sexual harassment will be prompt and thorough, commenced immediately and completed as soon as possible.  The investigation will be kept confidential to the extent possible. All persons involved, including complainants, witnesses and alleged harassers will be accorded due process, as outlined below, to protect their rights to a fair and impartial investigation.

Any employee may be required to cooperate as needed in an investigation of suspected sexual harassment. IFAC will not tolerate retaliation against employees who file complaints, support another’s complaint or participate in an investigation regarding a violation of this policy.

While the process may vary from case to case, investigations should be done in accordance with the following steps:

Upon receipt of complaint, the director of human resources will conduct an immediate review of the allegations, and take any interim actions (e.g., instructing the respondent to refrain from communications with the complainant), as appropriate. If complaint is verbal, encourage the individual to complete the “Complaint Form” in writing. If he or she refuses, prepare a Complaint Form based on the verbal reporting.

If documents, emails or phone records are relevant to the investigation, take steps to obtain and preserve them.

Request and review all relevant documents, including all electronic communications.

Interview all parties involved, including any relevant witnesses;

Create a written documentation of the investigation (such as a letter, memo or email), which contains the following:

• A list of all documents reviewed, along with a detailed summary of relevant documents;
• A list of names of those interviewed, along with a detailed summary of their statements;
• A timeline of events;
• A summary of prior relevant incidents, reported or unreported; and
• The basis for the decision and final resolution of the complaint, together with any corrective action(s).

Keep the written documentation and associated documents in a secure and confidential location.

Promptly notify the individual who reported and the individual(s) about whom the complaint was made of the final determination and implement any corrective actions identified in the written document.

Inform the individual who reported of the right to file a complaint or charge externally as outlined in the next section.

Legal Protections And External Remedies

Sexual harassment is not only prohibited by IFAC but is also prohibited by state, federal, and, where applicable, local law.

Aside from the internal process at IFAC, employees may also choose to pursue legal remedies with the following governmental entities. While a private attorney is not required to file a complaint with a governmental agency, you may seek the legal advice of an attorney.

In addition to those outlined below, employees in certain industries may have additional legal protections.

State Human Rights Law (HRL)

The Human Rights Law (HRL), codified as N.Y. Executive Law, art. 15, § 290 et seq., applies to all employers in New York State with regard to sexual harassment, and protects employees, paid or unpaid interns and non-employees, regardless of immigration status. A complaint alleging violation of the Human Rights Law may be filed either with the Division of Human Rights (DHR) or in New York State Supreme Court.

Complaints with DHR may be filed any time within one year of the harassment. If an individual did not file at DHR, they can sue directly in state court under the HRL, within three years of the alleged sexual harassment. An individual may not file with DHR if they have already filed a HRL complaint in state court.

Complaining internally to IFAC does not extend your time to file with DHR or in court. The one year or three years is counted from date of the most recent incident of harassment.

You do not need an attorney to file a complaint with DHR, and there is no cost to file with DHR.

DHR will investigate your complaint and determine whether there is probable cause to believe that sexual harassment has occurred. Probable cause cases are forwarded to a public hearing before an administrative law judge. If sexual harassment is found after a hearing, DHR has the power to award relief, which varies but may include requiring your employer to take action to stop the harassment, or redress the damage caused, including paying of monetary damages, attorney’s fees and civil fines.

DHR’s main office contact information is: NYS Division of Human Rights, One Fordham Plaza, Fourth Floor, Bronx, New York 10458. You may call (718) 741-8400 or visit: www.dhr.ny.gov.

Contact DHR at (888) 392-3644 or visit dhr.ny.gov/complaint for more information about filing a complaint. The website has a complaint form that can be downloaded, filled out, notarized and mailed to DHR. The website also contains contact information for DHR’s regional offices across New York State.

Civil Rights Act of 1964

The United States Equal Employment Opportunity Commission (EEOC) enforces federal anti-discrimination laws, including Title VII of the 1964 federal Civil Rights Act (codified as 42 U.S.C. § 2000e et seq.). An individual can file a complaint with the EEOC anytime within 300 days from the harassment. There is no cost to file a complaint with the EEOC. The EEOC will investigate the complaint, and determine whether there is reasonable cause to believe that discrimination has occurred, at which point the EEOC will issue a Right to Sue letter permitting the individual to file a complaint in federal court.

The EEOC does not hold hearings or award relief, but may take other action including pursuing cases in federal court on behalf of complaining parties. Federal courts may award remedies if discrimination is found to have occurred. In general, private employers must have at least 15 employees to come within the jurisdiction of the EEOC.

An employee alleging discrimination at work can file a “Charge of Discrimination.” The EEOC has district, area, and field offices where complaints can be filed. Contact the EEOC by calling 1-800-669-4000 (TTY: 1-800-669-6820), visiting their website at www.eeoc.gov or via email at info@eeoc.gov.

If an individual filed an administrative complaint with DHR, DHR will file the complaint with the EEOC to preserve the right to proceed in federal court.

Local Protections

Many localities enforce laws protecting individuals from sexual harassment and discrimination. An individual should contact the county, city or town in which they live to find out if such a law exists. For example, employees who work in New York City may file complaints of sexual harassment with the New York City Commission on Human Rights. Contact their main office at Law Enforcement Bureau of the NYC Commission on Human Rights, 40 Rector Street, 10th Floor, New York, New York; call 311 or (212) 306-7450; or visit www.nyc.gov/html/cchr/html/home/home.shtml.

Contact the Local Police Department

If the harassment involves unwanted physical touching, coerced physical confinement or coerced sex acts, the conduct may constitute a crime. Contact the local police department.

[1] While this policy specifically addresses sexual harassment, harassment because of and discrimination against persons of all protected classes is prohibited.

[2]  A non-employee is someone who is (or is employed by) a contractor, subcontractor, vendor, consultant, or anyone providing services in the workplace. Protected non-employees include persons commonly referred to as independent contractors, “gig” workers and temporary workers. Also included are persons providing equipment repair, cleaning services or any other services provided pursuant to a contract with the employer.

Policy for IFAC Staff

Purpose

The purpose of this social media policy is to establish guidelines for the appropriate use of social media by employees of IFAC.  Social media is a powerful tool for communication and networking, but it also carries certain risks.

This policy outlines the expected behavior of employees when using social media in both a personal and professional capacity, to help ensure the protection of all employees, company reputation, and sensitive information.

Also, as a global organization with membership in over 130 jurisdictions with different government systems and values, IFAC encourages staff to consider carefully how social media posts may be viewed, interpreted (and even potentially misinterpreted) within our global network.

If you have any questions about this policy, its application, or about how to best use social media platforms, please contact IFAC’s Head of Communications or Head of Human Capital.

Guidelines

1. Professional Conduct

Employees are expected to maintain a professional demeanor when representing IFAC on social media platforms. 

Avoid engaging in conduct that could reflect negatively on the IFAC, its employees, or its stakeholders.

Do not use offensive language, make derogatory remarks, or engage in any form of harassment or discrimination.

2. Confidentiality and Privacy

Do not disclose confidential or proprietary information about IFAC, its members or various stakeholders on social media platforms.

Respect the privacy of colleagues, members and stakeholders.  Do not share personal or sensitive information without consent.

3. Intellectual Property

Respect copyright and intellectual property rights when sharing content on social media.

Do not use IFAC logos, trademarks, or copyrighted material without authorization.

4. Transparency

Clearly disclose your affiliation with IFAC when discussing company-related matters on social media.

If expressing personal opinions, make it clear that they are your own and not necessarily reflective of the views of IFAC.

5. Security

Be cautious of phishing attempts, malware, and other security threats on social media platforms.

Report any suspicious activity or security incidents to the IT department immediately.

6. Endorsements and Recommendations

Do not endorse or recommend products, services, or other organizations on behalf of IFAC without prior approval.

Disclose any material connections or affiliations when endorsing or promoting products or services.

7. Consequences of Violation

Violation of this social media policy may result in disciplinary action, up to and including termination of employment. Additionally, individuals found to have breached this policy may be held liable for any damages incurred by IFAC as a result of their actions.

Guidance for Volunteers

As social media proliferates, the connection between one's personal and professional lives is increasingly intertwined, and while the decision to engage in social media is personal there are professional implications to consider.

As volunteers of IFAC, your social media presence carries an association with our organization. We welcome and encourage you to serve as ambassadors for IFAC, and for the accountancy profession generally. To support you in this respect, IFAC offers social content that you are invited to use on your social media accounts. In addition, this document has been developed to provide you with guidance on social best practices.

What constitutes social media?

"Social media" is an umbrella term that defines various activities that integrate technology and social interaction, and may include words, pictures, videos, and audio. It uses tools such as blogs, Facebook, Twitter, LinkedIn, Instagram, TikTok and other platforms.  

Does IFAC have a social media policy for volunteers?

IFAC benefits greatly from its extensive network of volunteers, who comprise the IFAC Board, its technical advisors, and various advisory groups. IFAC is proud to be served by such a diverse group of volunteers from across the globe, who may have different and diverse views on various social and political issues. We further recognized that volunteers' opinions do not necessarily reflect the views of IFAC as an organization and that the majority of IFAC volunteers are employed by organizations outside of IFAC, and/or hold other professional or voluntary roles outside of IFAC.

As such, IFAC does not presume to hold its volunteers to an IFAC social media policy.

What best practices are IFAC volunteers asked to consider?

1. Abide by IFAC's Code of Conduct.

• Your use of social media is subject to all IFAC policies regarding appropriate workplace conduct, including but not limited to policies on harassment and prohibited conduct.
• Carefully consider whether information may be considered confidential and/or private to IFAC, its staff, volunteers, members, stakeholders, suppliers or vendors.  Certain information will be shared at Board or Advisory Group meetings that will not be appropriate to share on social media.
• Remember that you are solely responsible for what you communicate on social media. You may be personally responsible for any litigation that may arise should you make unlawful, defamatory, slanderous, or libelous statements.

2. Ensure your profile and content are consistent with how you wish to present yourself to colleagues and stakeholders.  

• Respect your audience and use your best judgment at all times. Do not engage in any conduct that would not be acceptable in IFAC's work environment.  
• Try to add value by providing worthwhile information and perspective.
• Remember that IFAC's values are best represented by its people, and what you publish may reflect on our brand. 

3. Consider including language on your social media profile/s that makes it clear that your posts represent your opinions.

• Examples:
  • “The statements, views, or opinions expressed on this social media platform are my own”
  • “Views expressed are my own”
• Instructions for how to include such language on one’s LinkedIn profile can be found [here].

4. If you become aware of social media postings by other IFAC volunteers (or staff) that you believe are inappropriate, please bring them to the attention of the Head of Communications or the Head of Human Capital.

What role, if any, does IFAC have with respect to volunteers' social media profiles?

1. IFAC may ask or encourage volunteers to share social media content that it creates. Volunteers are under no obligation to do so.

2. If IFAC Management identifies any social media content deemed to be problematic for IFAC or for the accountancy profession, it may ask volunteers to amend or remove the content. Volunteers are, of course, entitled to reject such requests, but the goal will always be to find a resolution that is acceptable to all.

Section 1 - Introduction

1.1.  IFAC is committed to high standards of ethical, moral and legal business conduct. In line with this commitment, and IFAC’s commitment to open communication, this policy aims to provide an avenue for employees, consultants, and volunteers  to raise concerns and reassurance that they will be protected from reprisals or victimization for whistleblowing.

1.2.  This whistleblowing policy is intended to cover protections for employees, consultants, and volunteers if they raise concerns regarding IFAC and/or the Independent Standard-Setting Boards, such as concerns regarding:

• Incorrect financial reporting;
• Unlawful activity;
• Activities that are not in line with IFAC policy, including the Employee Handbook; or
• Activities, which otherwise amount to improper conduct.

Section 2 - Safeguards

Harassment or Victimization

2.1.  Harassment or victimization for reporting concerns under this policy will not be tolerated.

Confidentiality

2.2.  Every effort will be made to treat the complainant’s identity with appropriate regard for confidentiality.

Anonymous Allegations

2.3.  This policy encourages employees, consultants, and volunteers to put their names to allegations because appropriate follow-up questions and investigation may not be possible unless the source of the information is identified. Concerns expressed anonymously will be explored appropriately, but consideration will be given to:

• The seriousness of the issue raised;
• The credibility of the concern; and
• The likelihood of confirming the allegation from attributable sources.

Bad Faith Allegations

2.4.  Allegations in bad faith may result in disciplinary action.

Section 3 - Process for Raising a Concern

Reporting

3.1.  The whistleblowing procedure is intended to be used for serious and sensitive issues. Such concerns, including those relating to financial reporting, unethical, or illegal conduct, which involve any person may be reported directly to the IFAC Director, Governance (Linda Lach, Email LindaLach@ifac.org or 1-646-428-8784). Matters involving the Director, Governance may be reported directly to the IFAC Chief Executive Officer (Lee White, Email LeeWhite@ifac.org or 1-212-286-9344). Matters involving the Chief Executive Officer may be reported to the Chair of the Audit Committee (Kathryn Byrne, Email Kathryn.byrne@us.forvismazars.com or call 1-212-375-6770). Employment-related concerns continue to be reported in accordance with the Employee Handbook.

Timing

3.2.  The earlier a concern is expressed, the easier it is to take action.

Evidence

3.3.  Although the employee, consultant, or volunteer is not expected to prove the truth of an allegation, the individual should be able to demonstrate to the person contacted that the report is being made in good faith.

Section 4 - How the Report of Concern will be Handled

4.1.  The action taken by IFAC in response to a report of concern under this policy will depend on the nature of the concern. The Audit Committee shall receive information on each report of concern and follow-up information on actions taken.

Initial Inquiries

4.2.  Initial inquiries will be made to determine whether an investigation is appropriate, and the form that it should take. Some concerns may be resolved without the need for an investigation.

Further Information

4.3.  The amount of contact between the complainant and the person or persons investigating the concern will depend on the nature of the issue and the clarity of information provided. Further information may be sought from or provided to the person reporting the concern.