IESBA consults on restructuring its Ethics code
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.