Discussion points included:

• Fees
• Definitions of listed entity and PIE
• Non-assurance services
• Technology
• IAASB-IESBA Coordination
• eCode
• Tax planning and related services
• Code rollout
• Emerging Issues and Outreach Committee (EIOC)
• IFAC global status of adoption report
• Role and mindset

Review the highlights and podcast on the IESBA's website.

The Agenda was as follows:

• Introduction
• Highlights & Key Developments
• Role & Mindset
• Non-Assurance Services
• Fees
• eCode
• Chairman’s Final Thoughts
• Closing Remarks

Re­view the high­lights and the pod­cast on the IESBA's web­site.

Discussion points included:

• Rollout of the Revised Restructured Code
• Alignment of Part 4B with ISAE 3000
• Technology
• Role and Mindset
• Fees
• Non-assurance Services (NAS)
• IESBA Working Processes Report-Back
• e-Code
• Long Association

Review the highlights and the podcast on the IESBA's website.

Discussion points included:

• Highlights & Key Developments
• Alignment of Part 4B with ISAE 3000
• Non-Assurance Services
• Fees
• Technology

Review the highlights and the podcast on the IESBA's website.

This publication is a revised version of the Staff Q&A publication published in May 2017. It contains additional frequently asked questions and is aligned to the revised and restructured International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code), issued by the IESBA in April 2018.

Review the press release and FAQ on the IESBA's website.

Professional accountants and other business professionals are often faced with complicated, real world situations that are not black and white and demand pragmatic and ethical solutions. To help address these challenging situations, IFAC released a new series titled: Exploring the IESBA Code.

Through twelve monthly installments, Exploring the IESBA Code will take an in-depth look at the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).  Each installment of the series will highlight different aspects of the Code in real-world situations, in a manner that is relatable and practical. A special focus will be placed on recent revisions to the Code.

The first installment of the Exploring the IESBA Code deals with the five Fundamental Principles of ethics, which establish the standard of behavior expected of all professional accountants - a standard which enable accountants to uphold their responsibility to act in the public interest.

Review the press release and new series on the IFAC's website.

Individuals are critical of the short-termism that current systems encourage, and they are reflecting on how to change things for the better. Now the focus is upon shifting to wider societal obligations — how to deal with the current issues of jobs and employment, long-term profitability, sustainability and the implementation of technology? These real issues are the ones that past business leaders have not had to deal with. However, they represent an opportunity for the accounting profession to play a role in engaging with clients, businesses and colleagues, to help society evolve so it becomes resilient for the long term.

Review the full article on Accounting Today's website.

The 129 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) adopted a Programme of Work laying out a process for reaching a new global agreement for taxing multinational enterprises. The document, which calls for intensifying international discussions around two main pillars, was approved during the May 28-29, 2019 plenary meeting of the Inclusive Framework. It will be presented by OECD Secretary-General Angel Gurría to G20 Finance Ministers for endorsement during their June 8-9, 2019 ministerial meeting in Fukuoka, Japan.

The Programme of Work will explore the technical issues to be resolved through the two main pillars. The first pillar will explore potential solutions for determining where tax should be paid and on what basis ("nexus"), as well as what portion of profits could or should be taxed in the jurisdictions where clients or users are located ("profit allocation"). The second pillar will explore the design of a system to ensure that multinational enterprises – in the digital economy and beyond – pay a minimum level of tax. This pillar would provide countries with a new tool to protect their tax base from profit shifting to low/no-tax jurisdictions, and is intended to address remaining issues identified by the OECD/G20 BEPS initiative.

Re­view the press re­lease  on the OECD's web­site.

Listen to IESBA Deputy Chair Richard Fleck share an overview of the proposed revisions, including:

• Highlighting professional accountants’ wide-ranging role in society and the relationship between compliance with the Code and the responsibility to act in the public interest;
• Enhancing the robustness of the fundamental principles of integrity, objectivity and professional behavior;
• Requiring an inquiring mind when applying the conceptual framework; and
• Highlighting the importance of being aware of bias and having the right organizational culture.

Review the press release and video on the IESBA's website.

Stablecoins, which have many of the features of earlier cryptocurrencies but seek to stabilize the price of the "coin" by linking its value to that of a pool of assets, have the potential to contribute to the development of more efficient global payment arrangements.

The report lays out initial recommendations for both private sector stablecoin developers and public sector authorities to address the challenges and risks. Finally, the report suggests that authorities could develop road maps for improving the efficiency and lowering the cost of payments and financial services.

Review the press release and report on the BIS' website.