The IESBA’s eCode initiative is intended to support the adoption and effective implementation of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the revised and restructured Code). With its eCode initiative, the IESBA is exploring how best to leverage existing technologies to develop a web based tool with “app-like” features and functionalities to reinforce the “building blocks” structure and scalability of the revised and restructured Code. The clever design and interactive features of the eCode will help users better navigate and access key ethics and independence provisions that are relevant to the professional activities performed by professional accountants.
- Brian Friedrich, Working Group Chair and IESBA Member
- Liesbet Haustermans, IESBA Member
- Jens Engelhardt, IESBA Technical Advisor
- Joseph Bryson, IFAC Director, Quality & Development
- Michelle Korman, IFAC Senior Manager, Head of Intellectual Property
IESBA September 2020 Meeting Highlights
The IESBA received an update on the eCode Working Group’s activities during Q3 2020. The IESBA was informed that Phase 2 of the eCode initiative was completed as of June 2020. The new versioning feature is now live and allows users to toggle between the extant authoritative text of the Code and the recently approved Part 4B (Revised) that comes into effect in June 2021. The next prounouncement that will be available in the eCode is the just released Role and Mindset coming into effect in December 2021.
The IESBA also received an update from Staff representatives of the IFAC Advisory Group leading IFAC’s digital publication (ePub) initiative on the progress of development of the ePub. The IFAC ePub will house the digitalized versions of the standards issued by the three standard-setting Boards (SSBs) supported by IFAC, namely the IESBA, IAASB and International Public Sector Accounting Standards Board (IPSASB). The ePub is expected to contain broadly the same set of features and functionalities as the eCode. The IESBA noted the coordination between the SSBs and IFAC through the participation of the SSBs’ Staff on the IFAC Advisory Group. The IESBA will receive a further update on the IFAC ePub initiative in due course.