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IESBA eNews: February 2019

Feb 25, 2019 | New York, New York | English

A big thanks to all respondents to our proposed Strategy and Work Plan 2019-2023. Your feedback was discussed at our December 2018 meeting and informed the revisions made to the SWP. The revised SWP was approved in December and will be released in April 2019, subject to the Public Interest Oversight Board’s confirmation that due process has been followed.

Two webinars, and a new video resource as we count down to New Code Effective Date!

Hard to believe, but less than 6 months to go before the revised and restructured Code becomes effective! 
To support its roll-out, we’re holding two global 90 minute webinars suitable for any professional using, enforcing, teaching or engaging with the Code.

Additionally, learn more about the IESBA’s revised and restructured Code; and the importance of having an Ethics Code for professional accountants and earn yourself CPE credits!
For more and latest support materials, continue to check our dedicated webpage.

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We applaud the IAASB’s Quality Management Exposure Drafts!

We congratulate the International Auditing and Assurance Standards Board (IAASB) for issuing proposed Quality Management standards!
The proposed standards reinforce the need for firms to comply with the fundamental principles of ethics and independence requirements. They will make a meaningful contribution to enhanced audit quality.
We encourage all our stakeholders to provide their input to the IAASB’s exposure draft, which asks important questions about ethics and independence matters. The link below will take you to the IAASB’s consultation page. Make your voice heard!

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The IESBA’s proposed eCode will be a major new way of engaging with the Code of Ethics. At our last meeting the IESBA received a preview of its potential to provide users with a great experience that will also facilitate consistent application and enforcement.
We anticipate launching the e-Code’s first phase by June 2019, coinciding with the revised and restructured Code’s effective date.

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The IESBA® approved Terms of Reference for its Technology Working Group. As part of a multi-phased approach, the Working Group will engage widely with its stakeholders to gather activity information, including in relation to artificial intelligence, robotic process automation, data analytics and big data.
We’re looking forward to the Working Group’s update at our next meeting in March 2019.

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Chairman’s Keynote Address at APESB Dinner Event

On November 8, 2018, our Chair, Dr. Stavros Thomadakis, gave a keynote address in Sydney at the Accounting Professional & Ethical Standards Board (APESB) dinner. Celebrating great news that the Restructured International Code of Ethics has been incorporated into Aussie ethical standards, Stavros shared his thoughts about the Code’s essentials, its global positioning, and the challenges and opportunities faced by both standard setters and Code users.

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Upcoming IESBA Meeting Dates
  • March 11 - 13, 2019 | IFAC Offices, New York
  • June 17 - 19, 2019 | NASBA Offices, Nashville
  • September 16 - 19, 2019 | AICPA Offices, New York
  • December 3 - 6, 2019 | IFAC Offices, New York
  • Register to attend the IESBA meeting
Want to know more?

Read the minutes and working papers for all our IESBA meetings. They’re a great information source about project progress and how we support and protect the public interest.
The IESBA’s multi-stakeholder Consultative Advisory Group (CAG) meets a week before the board to provide strategic input on our meeting agenda materials, as well as our projects and initiatives more broadly. You can also read all the CAG’s minutes and working papers.