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IESBA consults on restructuring its Ethics code

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

06 Nov 2014

The International Ethics Standards Board for Accountants (IESBA) has released a consultation paper outlining proposed changes to the Code of Ethics for Professional Accountants. Focus of the proposed changes is an improved usability.

Among the proposals are:

  • Restructuring the code to more clearly distinguish requirements from guidance;
  • reorganising the content of the code, including rebranding the code, or parts thereof, as international standards;
  • identifying responsibility for compliance with the code in particular circumstances; and
  • simplifying the wording of the Code so that it can be more readily understood.

The proposals are open for comment until 4 February 2015. The consultation paper can be accessed through the press release on the IFAC website.

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