Global Ethics Board Consults on Professional Skepticism

Public Comment Sought on Behaviors Associated with Exercise of Professional Skepticism

IESBA
May 14, 2018 | Exposure Drafts and Consultation Papers
20 Pages
English

Comments due by: Aug 15, 2018

The International Ethics Standards Board for Accountants® (IESBA®) seeks public comment by August 15, 2018 on its consultation paper, Professional Skepticism – Meeting Public Expectations.

In response to regulatory and other stakeholder feedback on the topic, the paper explores:

(a) The behavioral characteristics comprised in professional skepticism;

(b) Whether all professional accountants should apply these behavioral characteristics; and

(c) Whether the International Code of Ethics for Professional Accountants (including International Independence Standards) should be further developed to address behaviors associated with the exercise of appropriate professional skepticism.

Through this initiative, the IESBA also aims to reinforce the effective exercise of professional skepticism by auditors.

The consultation paper was developed following close coordination with the International Auditing and Assurance Standards Board (IAASB) and the International Accounting Education Standards Board (IAESB), and with advice from the IESBA Consultative Advisory Group.

The paper will form the basis for discussion with a wide range of stakeholders at a series of three global roundtables in Washington, DC, USA on June 11; Paris, France on June 15; and Tokyo, Japan on July 12.

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Submitted Comment Letters

1. Crowe Global
June 29, 2018

2. European Federation of Accountants and Auditors for SMEs
July 13, 2018

3. ICAEW (United Kingdom)
July 20, 2018

4. Thomas Ray (United States)
July 23, 2018

5. International Accounting Education Standards Board
July 23, 2018

6. Financial Reporting Council (United Kingdom)
July 25, 2018

7. Chartered Institute of Management Accountants (United Kingdom)
July 27, 2018

8. Association of Accounting Technicians (United Kingdom)
July 27, 2018

9. FSR - danske revisorer (Denmark)
August 1, 2018

10. ICAS (United Kingdom)
August 7, 2018

11. New York State Society of Certified Public Accountants (United States)
August 8, 2018

12. Deloitte Touche Tohmatsu Limited
August 9, 2018

13. The Accounting and Auditing Board of Ethiopia (Ethiopia)
August 13, 2018

14. Baker Tilly International
August 13, 2018

15. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
August 13, 2018

16. Accountancy Europe
August 14, 2018

17. U.S. Government Accountability Office (United States)
August 14, 2018

18. PricewaterhouseCoopers International
August 14, 2018

19. Chartered Accountants Australia and New Zealand
August 14, 2018

20. JICPA(The Japanese Institute of Certified Public Accountants) (Japan)
August 14, 2018

21. IMA (Institute of Management Accountants) (United States)
August 14, 2018

22. The New Zealand Auditing and Assurance Standards Board (NZAuASB) (New Zealand)
August 14, 2018

23. Association of Chartered Certified Accountants
August 14, 2018

24. BDO
August 15, 2018

25. Center for Audit Quality (United States)
August 15, 2018

26. Iranian Association of Certified Public Accountants (IACPA) (Iran (Islamic Republic of))
August 15, 2018

27. RSM
August 15, 2018

28. S. Dianne Azoor Hughes (Australia)
August 15, 2018

29. Wirtschaftsprüferkammer (Germany)
August 15, 2018

30. The Institute of Internal Auditors (United States)
August 15, 2018

31. NBA (Royal Netherlands Institute of Chartered Accountants), J. Th. Drupsteen (Netherlands)
August 15, 2018

32. Institute of Chartered Accountants of Nigeria (Nigeria)
August 15, 2018

33. FACPCE - Federación Argentina de Consejos Profesionales de Ciencias Económicas (Argentina)
August 15, 2018

34. Malcolm Cecil Coates (South Africa)
August 15, 2018

35. THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) (Ghana)
August 15, 2018

36. IFAC Professional Accountants in Business Committee
August 15, 2018

37. Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW) (Germany)
August 15, 2018

38. The Malaysian Institute of Certified Public Accountants (MICPA) (Malaysia)
August 15, 2018

39. Independent Regulatory Board for Auditors (IRBA) (South Africa)
August 15, 2018

40. Dr. Christine J. Nolder (United States)
August 15, 2018

41. Chartered Professional Accountants of Canada - Public Trust Committee
August 15, 2018

42. Institute of Chartered Accountants of Pakistan (Pakistan)
August 15, 2018

43. AICPA
August 15, 2018

44. Chartered Accountants Academy (CAA) and Training and Advisory Services (TAS) (Zimbabwe)
August 15, 2018

45. KPMG IFRG Limited
August 15, 2018

46. Interamerican Accountant Association
August 16, 2018

47. International Accounting Education Standards Board's Consultative Advisory Group
August 16, 2018

48. Ernst & Young Global Limited
August 17, 2018

49. South African Insitute of Chartered Accountants (South Africa)
August 17, 2018

50. MNP LLP (Canada)
August 20, 2018

51. Malayzian Institute of Accountants (Malaysia)
August 20, 2018

52. Institute of Chartered Accountants of Zimbabwe (Zimbabwe)
August 21, 2018

53. Accounting Professional & Ethical Standards Board Limited-Australia (Australia)
August 23, 2018

54. Institute of Singapore Chartered Accountants (Singapore)
August 24, 2018

55. INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA (Uganda)
August 24, 2018

56. IFAC SMP Committee
August 24, 2018

57. Basel Committee on Banking Supervision (United Kingdom)
August 27, 2018

58. Grant Thornton International Ltd.
August 27, 2018

59. Swinburne University of Technology (Australia)
August 27, 2018

60. CP Mg Alvara Fonseca Vivas (Colombia)
August 29, 2018

61. National Association of State Boards of Accountancy (United States)
August 29, 2018

62. International Organization of Securities Commissions
August 29, 2018

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