Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements
IESBA
Sep 08, 2017 | Exposure Drafts and Consultation Papers
26 Pages
English
Comments due by: Dec 08, 2017
The proposals strengthen the provisions in the Code of Ethics for Professional Accountants regarding the accepting and offering of inducements by establishing a comprehensive framework that covers all forms of inducements and which applies to both professional accountants in business and professional accountants in public practice. The proposals would also require professional accountants to understand and comply with relevant laws and regulations in situations related to bribery and corruption and prohibit the offering and accepting of inducements with intent to improperly influence behavior.
Once finalized, the provisions will form the last component of the restructured Code.
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Submitted Comment Letters
1. Ji Yuan (China)
October 17, 2017
2. Institute of Chartered Accountants of India (ICAI) (India)
October 27, 2017
3. National Association of State Boards of Accountancy
November 6, 2017
4. Jean Thiomas GIRAUD (Haiti)
November 6, 2017
5. RSM International (United Kingdom)
November 8, 2017
6. Association of Accounting Technicians (United Kingdom)
November 23, 2017
7. Crowe Horwath International
November 24, 2017
8. Malaysian Institute of Accountants (Malaysia)
November 27, 2017
9. Financial Reporting Council (United Kingdom)
November 30, 2017
10. ICAS (United Kingdom)
November 30, 2017
11. Accounting Professional & Ethical Standards Board (Australia)
December 3, 2017
12. New York State Society of Certified Public Accountants (United States)
December 4, 2017
13. New Zealand Auditing and Assurance Standards Board
December 6, 2017
14. IBRACON (Brazil)
December 7, 2017
15. IFAC SMP Committee
December 7, 2017
16. The Institute of Chartered Accountants of Pakistan (ICAP) (Pakistan)
December 7, 2017
17. VRC (Netherlands)
December 7, 2017
18. Deloitte Touche Tohmatsu Limited
December 7, 2017
19. The Japanese Institute of Certified Public Accountants (JICPA) (Japan)
December 7, 2017
20. THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) (Ghana)
December 7, 2017
21. Chartered Accountants Australia and New Zealand
December 7, 2017
22. Accountancy Europe
December 8, 2017
23. Association of National Accountants of Nigeria (Nigeria)
December 8, 2017
24. Consultative Committee of Accountancy Bodies
December 8, 2017
25. Ernst & Young Global
December 8, 2017
26. KICPA (Korea, Republic of)
December 8, 2017
27. Association of Chartered Certified Accountants
December 8, 2017
28. European Federation of Accountants and Auditors for SMEs
December 8, 2017
29. South African Institute of Chartered Accountants (South Africa)
December 8, 2017
30. Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW)
December 8, 2017
31. Wirtschaftsprüferkammer (WPK) (Germany)
December 8, 2017
32. Independent Regulatory Board for Auditors (IRBA) (South Africa)
December 8, 2017
33. Chartered Professional Accountants of Canada (Canada)
December 8, 2017
34. ICAEW (United Kingdom)
December 8, 2017
35. KPMG IFRG Limited
December 8, 2017
36. BDO (United Kingdom)
December 8, 2017
37. U.S. Government Accountability Office (United States)
December 8, 2017
38. Institute of Chartered Accountants of Nigeria (Nigeria)
December 8, 2017
39. FSR - danske revisorer (Denmark)
December 10, 2017
40. Royal Netherlands Institute of Chartered Accountants (Netherlands)
December 11, 2017
41. Pricewaterhouse Coopers International Ltd
December 13, 2017
42. IMA (Institute of Management Accountants) (United States)
December 13, 2017
43. California State Teacher Retirement System (United States)
December 15, 2017
44. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
December 18, 2017
45. Audit Oversight Board, Securities Commission Malaysia (Malaysia)
December 18, 2017
46. Grant Thornton International Ltd
January 3, 2018
Related Resources
- 2015 Handbook of the Code of Ethics for Professional Accountants
- Benchmarking International Independence Standards
- IESBA Staff Q&A: Revised Non-Assurance Services Provisions of the Code
- Report on IESBA Accomplishments, 2020 – 2021
- Summary: Benchmarking the International Independence Standards