The #IESBA's Using the Work of an External Expert Task Force met this week in #NYC. The IESBA is developing revisions to the #IESBACode to address the specific #ethics and independence issues that might arise when experts work alongside professional accountants, including in #taxplanning, technology-related activities, and in #sustainabilityreporting and #sustainabilityassurance. The task force carefully considered the comments received from responses to the proposed Using the Work of an External Expert Exposure Draft (ED), released earlier this year (https://lnkd.in/eerGXnwn). The comments were mostly supportive of the ED's objectives and proposals. They agreed on several revisions to the draft ED, which will be presented to the IESBA for final approval in December 2024. Stay tuned! The IESBA Using the Work of an External Expert Task Force Laurie Callahan Endsley - Chair, IESBA Vice Chair Saadiya Adam CA (SA) - IESBA Member Andrew (Andy) Mintzer, CPA, CGMA, CFE - IESBA Member Luigi Nisoli - IESBA Member Ken Siong - IESBA Program and Senior Director Kam Leung - IESBA Principal Joanna Bernard - IESBA Senior Manager
International Ethics Standards Board for Accountants (IESBA)
Accounting
New York, New York 11,078 followers
Setting high-quality, internationally appropriate ethics standards for professional accountants
About us
IESBA is an independent global standard-setting board. IESBA sets high-quality, international ethics (including independence) standards as a cornerstone to ethical behavior in business and organizations and to public trust in financial and non-financial information that is fundamental to the proper functioning and sustainability of organizations, financial markets, and economies worldwide. The IESBA benefits from the advice of the IESBA Consultative Advisory Group (CAG) and is subject to the oversight of the Public Interest Oversight Board (PIOB). The IESBA supports adoption and implementation of the Code, promotes good ethical practices globally, and fosters international debate on ethical issues faced by accountants.
- Website
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https://www.ethicsboard.org/
External link for International Ethics Standards Board for Accountants (IESBA)
- Industry
- Accounting
- Company size
- 11-50 employees
- Headquarters
- New York, New York
- Type
- Nonprofit
- Founded
- 1997
- Specialties
- accounting, auditing, ethics, and financial services
Locations
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Primary
529 Fifth Avenue
New York, New York 10017, US
Employees at International Ethics Standards Board for Accountants (IESBA)
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Paul Muthaura
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Laurie Callahan Endsley
Partner,Deputy Global General Counsel, Global Chief Ethics & Compliance Officer (Retired) Vice Chair-IESBA
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Dr. Linda Biek, AICPA, HKICPA, CGMA
Regulatory Executive
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Gabriela Figueiredo Dias
Chair at International Ethics Standards Board for Accountants (IESBA)
Updates
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🌟 Exploring the world of #IESBA 🌟 It's #IESBAQuiz Wednesday! How well do you know us? #accountingandaccountants #ethics #ethicsinbusiness #audit #quiz #Shorts
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❓📢 Have you checked out IESBA's 2023 Annual Report? 📚🌟 Whether you are new to #IESBA or have been following the Board's work for years, there's something for everyone in this fully interactive 2023 report. It offers a comprehensive overview of the global standard setter and its key deliverable, the #IESBACode, while also providing a detailed account of our technical work in 2023. Key updates include: ✅ The Board’s standard-setting projects ✅ Global adoption and implementation status ✅ Outreach efforts ✅ Collaboration with key stakeholders Share our report with your network and help expand IESBA’s reach. To read the report, click here: https://lnkd.in/eEYTPKFW #IESBA #EthicsInAccounting #AccountingandAccountants #Audit
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🌟 Firm Culture and Governance Outreach Meeting: A Great Success! 🌟 #IESBA is delighted to share that the Firm Culture and Governance Working Group's recent outreaches were a resounding success. These outreaches brought together esteemed professionals and representatives from the accountancy profession, corporate governance, and the regulatory community, fostering insightful discussions and meaningful connections. A heartfelt thank you to all the participants who contributed their valuable perspectives: Paul Munter, Chief Accountant and representatives from the Chief Accountant's office at the U.S. Securities and Exchange Commission Panos Prodromides, Chair of the Committee of European Auditing Oversight Bodies (CEAOB) and representatives from the CYPRUS PUBLIC AUDIT OVERSIGHT BOARD Claire Lindridge, Director of Audit Market Supervision and Helen Gale, Head of Culture & Conduct, Audit Market Supervision from the United Kingdom Financial Reporting Council Suzanne B., independent non-executive director of a Big 4 firm Jen Sisson, International Corporate Governance Network’s Chief Executive Officer Prof Jens Poll, Vice President, and Blomme Hilde Bloom, Deputy CEO from Accountancy Europe Representatives from the Institute of Chartered Accountants in England and Wales (ICAEW) Representatives from the ACCA The collaboration and shared insights from this diverse group of experts are invaluable. They underscore IESBA’s commitment to enhancing ethical culture and governance framework within firms and highlight the importance of all stakeholders working together within the ecosystem. We encourage you to register to observe the IESBA’s September meeting (https://lnkd.in/ecWtrTSx). This is a great opportunity to hear about the Working Group’s preliminary views and the recommended way forward. IESBA Firm Culture and Governance Working Group - Channa Wijesinghe FCPA, FCA (Working Group Chair) - Héctor J. Lehuedé - Rania Uwaydah Mardini, MBA, CPA, CFE - Rich Huesken - Geoffrey Kwan - Carla S Vijian #Governance #FirmCulture #IndustryLeadership #Collaboration #ethicsleader
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In the latest (July) edition of The Institute of Chartered Accountants of India (ICAI) e-Journal, #IESBA Chair Gabriela Figueiredo Dias examines the ethical implications of AI in her article "The Ethics Imperative: Building Trust and Transparency Amidst AI Advancements." Ms. Dias emphasizes the need for a principles-based approach to ethics in technology, highlighting challenges such as AI bias, transparency, and accountability. She calls for collaborative efforts among stakeholders to ensure #ethics standards keep pace with technological advancements, stressing the role of professional accountants in maintaining trust and transparency in AI systems. Click below to read the full article. #ethicsinAI
The Ethics Imperative: Building Trust and Transparency Amidst AI Advancements, Gabriela Figueiredo Dias, Chair, IESBA The International Ethics Standards Board for Accountants (IESBA) addresses the profound ethical challenges posed by the rapid advancements in artificial intelligence (AI). As AI becomes more integrated into everyday activities, it raises significant concerns about trust, transparency, and accountability. IESBA emphasizes the importance of maintaining trust and transparency in AI systems, preventing manipulative scenarios, and ensuring accountability. The ethical implications of AI are particularly relevant for the accountancy profession, which plays a crucial role in ensuring reliable corporate information and supporting economic growth. To tackle these challenges, IESBA has adopted a principles-based approach, revising its International Code of Ethics for Professional Accountants to provide guidance in the technological age. This approach encourages professional accountants to think critically about ethical issues and exercise professional judgment, rather than relying on rigid rules that may stifle innovation. Key ethical issues include addressing AI bias, ensuring transparency while maintaining confidentiality, and combating "AI washing" — the exaggeration of AI's capabilities. The IESBA calls for a collaborative, multi-stakeholder effort to develop regulations that ensure the ethical use of AI, highlighting that ethics is not just about compliance but also a strategic advantage for the profession in acting in the public interest. Ranjeet Kumar Agarwal CA Charanjot Singh Nanda Gabriela Figueiredo Dias International Ethics Standards Board for Accountants (IESBA)
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🌟 Exploring the world of #IESBA 🌟 It's #IESBAQuiz Wednesday! How well do you know us? #accountingandaccountants #ethics #ethicsinbusiness #audit #quiz #Shorts
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🔔 IESBA Update - IESBA Submits Comment Letter on CEAOB’s Draft Guidelines Concerning Limited Assurance on Sustainability Reporting 🌍📋 (Read this release on IESBA's Website here: https://lnkd.in/eRtxWZYi) On Monday, The IESBA submitted a comment letter to the Committee of European Auditing Oversight Bodies (CEAOB) regarding the CEAOB’s draft non-binding guidelines on limited assurance on #sustainabilityreporting under the Corporate Sustainability Reporting Directive (CSRD) in the European Union (EU). Starting from financial years beginning on or after January 1, 2024, large companies in the EU are required to draw up sustainability statements in accordance with the European Sustainability Reporting Standards (ESRS). These statements are required to be subject to an assurance engagement by statutory auditors or other assurance services providers. To prevent fragmentation and promote consistency in practices until the European Commission’s (EC) adoption of an assurance standard at EU level by October 1, 2026, the EC has invited the CEAOB to develop non-binding guidelines regarding limited assurance on sustainability reporting. To read the full comment letter, visit: https://lnkd.in/ehuWXZgs
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🤝 #IESBA Outreach Update - July 15 - 18, 2024, London 🤝 Tremendous progress was made this week in #London by the IESBA Sustainability Task Force in advancing the development of global #ethics and #independence standards for #sustainabilityreporting and #assurance. The Task Force met to deliberate the significant comments from the approximately 90 respondents to the IESBA’s January 2024 Sustainability Exposure Draft [https://lnkd.in/e5zkMZMA]. Amazing efforts and commitment of all Task Force members and staff involved! The meeting followed a productive joint coordination meeting earlier in the week between the Board Chairs, Task Force Chairs, project leads, and senior staff of the IESBA and the International Auditing and Assurance Standards Board (IAASB) on the two Boards’ sustainability projects. While in London, IESBA Chair Gabriela Figueiredo Dias, Program and Senior Director Ken Siong, and Principal Jon Reid FCA had the pleasure of meeting with Ravi Abeywardana, ACA, Director, Strategic Affairs and Capacity Building, International Sustainability Standards Board (ISSB) to continue the close dialogue between IESBA and #ISSB on how to advance their collaboration on adoption and implementation (A&I) and capacity building for their respective sustainability standards. Among other matters, the discussion centered on: ✔ strategies for effective A&I and capacity building, ✔ adoption road maps, ✔ the value of leveraging networks of trusted partners to deliver education and training on the standards, ✔ connections to build with CFO networks, and ✔ digital methods to promote the standards. This collaboration will be critical to building momentum towards widespread adoption and effective implementation of the Boards’ global reporting and ethics and independence standards, alongside #IAASB’s sustainability assurance standards, to underpin high-quality, trustworthy corporate sustainability disclosures. Later in the week, Ms. Dias addressed over 400 participants from more than 35 countries in a panel discussion about Standards for Sustainability Reporting and Assurance at the International Corporate Governance Network (#ICGN) Annual Conference. She emphasized the role of the #IESBACode in mitigating #greenwashing and the profession-agnostic approach of IESBA's proposed sustainability standards. Ms. Dias stressed the need for companies to establish clear corporate governance positions with respect to ethics and for boards to proactively engage with management on the risks and opportunities for unethical behavior in sustainability reporting. She concluded by emphasizing that ethics is a shared responsibility of all actors in the sustainability ecosystem. #ethicsinsustainability
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International Ethics Standards Board for Accountants (IESBA) reposted this
🤔 #Investors and the #corporategovernance community play a vital role for the International Ethics Standards Board for Accountants (IESBA). They are essential stakeholders as they are the ultimate beneficiaries of the value generated by ethics standard setters. #Ethics standards should be integrated into the strategic approach and implemented as #bestpractices by Boards, CEOs, Audit Committees, CFOs, and Auditors. ⚖ The OECD - OCDE Corporate Governance Principles 2023 emphasize ethics with 53 references, underscoring the significance of international #ethics standards and the necessity for corporate information validation by #independent auditors. 🙈 🙉 🙊 #Ethical standards are pivotal for #investorprotection, particularly for users of #sustainability🍀 information. However, setting a meaningful conversation and bridging the gap between #standardsetters and #investors can be challenging. 🙋♂️🙋♀️ Delighted to have contributed to fostering dialogue between these two crucial parts of the ecosystem at the International Corporate Governance Network conference in London. Grateful for the opportunity to join a panel with esteemed colleagues Sue Lloyd, Tom Seidenstein, and Akihito ISHIWATA, moderated by David Madon. #Ethics #Investors #CorporateGovernance #Sustainability #BestPractices #Audit #Standards #FinancialEthics #InternationalBusiness #OECD #IFAC #IFRS #CorporateResponsibility #InternationalStandards #LondonConference Jen Sisson Séverine Neervoort Andrew Hobbs Carmine Di Noia Sue Lloyd Ravi Abeywardana, ACA Cecile Bonino-Liti Susannah Haan Chris Hodge Dan Konigsburg International Ethics Standards Board for Accountants (IESBA) International Foundation for Ethics and Audit (IFEA) IFAC IPCG - Instituto Português de Corporate Governance João Moreira Rato Rodrigo Buenaventura Public Interest Oversight Board | PIOB International Forum of Independent Audit Regulators (IFIAR) Valerio Novembre International Accreditation Forum Inc ISO - International Organization for Standardization Juliano Ferreira ABEL SEQUEIRA FERREIRA
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🌟 Exploring the world of #IESBA 🌟 It's #IESBAQuiz Wednesday! How well do you know us? #accountingandaccountants #ethics #ethicsinbusiness #audit #quiz #Shorts
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