Role and Mindset Expected of Professional Accountants (formerly Professional Skepticism)

Objective

The objective the IESBA’s Role and Mindset Expected of Professional Accountants (Role and Mindset) project is to ensure that the Code promotes the role, mindset and behavioral characteristics expected of all professional accountants when performing their professional activities.

The project was informed by the feedback from respondents to the IESBA’s May 2018 consultation paper (CP) Professional Skepticism – Meeting Public Expectations, and the input from the four global roundtables held in June and July 2018 in Washington, DC, U.S.A.; Paris, France; Tokyo, Japan; and Melbourne, Australia.

PROJECT CONTACT

Geoffrey Kwan

TASK FORCE

Project Stages

Board Papers

March 2019 June 2019 September 2019 December 2019 March 2020 June 2020

CAG Papers

March 2019 September 2019 March 2020

Board Minutes

March 2019 June 2019 September 2019 December 2019 March 2020 June 2020

CAG Minutes

March 2019 September 2019 March 2020

Responses

Submissions Received

Summary

The final pronouncement with the role and mindset revisions was issued on October 5, 2020, and will become effective on December 31, 2021, with early adoption permitted.

 

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