Disruptive technologies have significantly impacted the work of accountants, including auditors and those in the finance and advisory fields, especially in terms of the technology and approaches they use. To address this, the IESBA had multiple technology-related workstreams from 2021 to 2022.
- First, the IESBA developed technology-related revisions to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code). This work was progressed by the Task Force.
- Second, the IESBA developed non-authoritative material to respond to immediate stakeholder calls for technology-related guidance to assist professional accountants in business and in public practice, including auditors, to understand how to apply the existing provisions in the Code. This work was being progressed by the Working Group. Such material can be accessed in the IESBA’s Technology Focus Page.
In addition, the IESBA undertook fact finding and information gathering which includes extensive stakeholder outreach to further understand the broader technology environment. Among other matters, the outcome of this fact finding and information gathering helped inform the technology-related revisions made to the Code. The fact-finding and information gathering activities were being progressed by the Working Group. The cumulation of this fact finding work led to the release of the Working Group’s Phase 2 Report.
PROJECT FOCUS PAGE