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Global Ethics Board Consults on Professional Skepticism

  • IESBA (International Ethics Standards Board for Accountants) (lt gray) Image

May 14, 2018

On May 14, 2018, the International Ethics Standards Board for Accountants (IESBA) released its consultation paper, "Professional Skepticism – Meeting Public Expectations". Comments are requested by August 15, 2018.

In response to regulatory and other stakeholder feedback on the topic, the paper explores:

  1. The behavioral characteristics comprised in professional skepticism;
  2. Whether all professional accountants should apply these behavioral characteristics; and
  3. Whether the International Code of Ethics for Professional Accountants (including International Independence Standards) should be further developed to address behaviors associated with the exercise of appropriate professional skepticism.

Through this initiative, the IESBA also aims to reinforce the effective exercise of professional skepticism by auditors.

The consultation paper was developed following close coordination with the International Auditing and Assurance Standards Board (IAASB) and the International Accounting Education Standards Board (IAESB), and with advice from the IESBA Consultative Advisory Group.

Review the press release and consultation paper on the IESBA's website.

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