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.
Copyright © 2019 The International Federation of Accountants (IFAC). All rights reserved.
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
Related Resources
- 2016 Handbook of the Code of Ethics for Professional Accountants
- IESBA Webinar: The Revised and Restructured Code
- IESBA Webinar: The Revised and Restructured Code
- International Standards: 2019 Global Status Report
- Preparing for the IESBA eCode