Comments invited on IESBA global standard on non-compliance

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5 June 2015

The International Ethics Standards Board for Accountants (IESBA, the Ethics Board) has released an enhanced standard for re-exposure.

The draft standard – Responding to Non-Compliance with Laws and Regulations – sets out a new framework to guide auditors and other professional accountants in deciding how best to act in the public interest when they come across an act or suspected act of "non-compliance with laws and regulations".

The proposed standard provides a "pathway" to disclosure to an appropriate authority in appropriate circumstances, without the accountant's duty of confidentiality acting as a barrier.

It also places renewed emphasis on the importance of senior-level professional accountants in business promoting a culture of compliance with laws and regulations within their organisations.

Comment on the exposure draft is invited by 4 September 2015.

The IESBA is an independent standard-setting board that develops and issues high-quality ethical standards and other pronouncements for professional accountants worldwide.


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