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

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