Exposure Draft, Responding to Non-compliance with Laws & Regulations

IESBA
May 06, 2015 | Exposure Drafts and Consultation Papers
English

Comments due by: Sep 04, 2015

The proposed standard sets out a new framework to guide auditors, other professional accountants in public practice, and professional accountants in business (PAIBs) in deciding how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations.

The development of the proposed standard was informed by stakeholder responses to the first Exposure Draft issued in August 2012 and other extensive consultation with stakeholders, including global roundtables in Hong Kong, Brussels, and Washington, DC in 2014, and discussions with the IESBA Consultative Advisory Group.

For an overview of the proposed standard, see the At-a-Glance document.

DOWNLOAD PDF (515K)

Submitted Comment Letters

1. Escuela de Especialidades para Contadores Profesionales 1 (Mexico)
June 17, 2015

2. Escuela de Especialidades para Contadores Profesionales 2 (Mexico)
June 18, 2015

3. Escuela de Especialidades para Contadores Profesionales 3 (Mexico)
June 19, 2015

4. Escuela de Especialidades para Contadores Profesionales 4 (Mexico)
June 20, 2015

5. Escuela de Especialidades para Contadores Profesionales 5 (Mexico)
June 24, 2015

6. Escuela de Especialidades para Contadores Profesionales 6 (Mexico)
July 2, 2015

7. CIPFA
July 15, 2015

8. Jean Thiomas Giraud (Haiti)
August 17, 2015

9. Crowe Horwath International
August 18, 2015

10. National Association of State Boards of Accountancy (United States)
August 19, 2015

11. Institut der Wirtschaftspruefer in Deutschland e. V. (IDW) (Germany)
August 19, 2015

12. CPA Canada (Canada)
August 24, 2015

13. THE INSTITUTE OF CHARTERED ACCOUNTANTS [GHANA] (Ghana)
August 28, 2015

14. GC CLOETE ACCOUNTNIG AND TAX SERVICES INC (South Africa)
August 30, 2015

15. VRC (Netherlands)
August 31, 2015

16. SRA (Netherlands)
August 31, 2015

17. Malaysian Institute of Accountants (Malaysia)
September 1, 2015

18. Chartered Accountants Ireland (Ireland)
September 2, 2015

19. Foreningen af Statsautoriserede Revisorer (Denmark) (Denmark)
September 2, 2015

20. Compagnie Nationale des Commissaires aux Comptes (CNCC) (France)
September 3, 2015

21. Institute of Management Accountants (IMA)
September 3, 2015

22. Instituut van de Bedrijfsrevisoren - Institut des Réviseurs d’Entreprises (IBR-IRE) (Belgium)
September 3, 2015

23. The Malaysian Institute of Certified Public Accountants (MICPA) (Malaysia)
September 3, 2015

24. United States Government Accountability Office (GAO) (United States)
September 3, 2015

25. American Institute of CPAs (United States)
September 3, 2015

26. Deloitte Touche Tohmatsu Limited
September 3, 2015

27. California Society of Certified Public Accountants (United States)
September 3, 2015

28. External Reporting Board (XRB) (New Zealand)
September 3, 2015

29. PricewaterhouseCoopers International
September 3, 2015

30. KICPA (Korea, Republic of)
September 3, 2015

31. ICAS (United Kingdom)
September 3, 2015

32. CIMA
September 3, 2015

33. AAT (United States)
September 4, 2015

34. Grant Thornton International Ltd (GTI)
September 4, 2015

35. Pennsylvania Institute of CPAs (PICPA) (United States)
September 4, 2015

36. The Hong Kong Assoiation of Banks (HKAB) (Hong Kong (Special Administrative Region of China))
September 4, 2015

37. The Institute of Internal Auditors (IIA)
September 4, 2015

38. ISCA (Singapore)
September 4, 2015

39. IFAC SMP Committee
September 4, 2015

40. Wirtschaftsprüferkammer (WPK) (Germany)
September 4, 2015

41. Asociacion Interamericana de Contabilidad AIC
September 4, 2015

42. Professional Accountants in Business Committee IFAC
September 4, 2015

43. ICAEW (United Kingdom)
September 4, 2015

44. RSM International
September 4, 2015

45. The Independent Regulatory Board for Auditors (IRBA) (South Africa)
September 4, 2015

46. New York State Society of Certified Public Accountants (United States)
September 4, 2015

47. South African Insitute of Chartered Accountants (South Africa)
September 4, 2015

48. Financial Reporting Council (United Kingdom)
September 4, 2015

49. Organisation for Economic Co-operation and Development (OECD)
September 4, 2015

50. Institute of Certified Public Accountants of Kenya (Kenya)
September 4, 2015

51. Association of Chartered Certified Accountants
September 4, 2015

52. KPMG
September 5, 2015

53. Accounting Professional & Ethical Standards Board Limited (APESB) (Australia)
September 7, 2015

54. Felikar and Associates (FKA) (Kenya)
September 7, 2015

55. Securities Commission Malaysia (SCM) (Malaysia)
September 7, 2015

56. Group of 20 European Audit Regulators
September 8, 2015

57. BDO
September 9, 2015

58. CPA Australia (CPA Au) (Australia)
September 9, 2015

59. Institute of Public Accountants (IPA) (Australia)
September 9, 2015

60. Fédération des Experts Comptables Européens (FEE)
September 9, 2015

61. Consiglio Nazionale Dottori Commercialisti ed Esperti Contabili (CNDCEC) (Italy)
September 10, 2015

62. The Institute of Chartered Accountants of Pakistan (Pakistan)
September 10, 2015

63. Nederlandse Beroepsorganisatie van Accountants (NBA) (Netherlands)
September 11, 2015

64. FAR - the Institute for the Accountancy Profession in Sweden (Sweden)
September 11, 2015

65. Ernst & Young Global Limited
September 13, 2015

66. Hong Kong Institute of Certified Public Accountants (HKICPA) (Hong Kong (Special Administrative Region of China))
September 17, 2015

67. Institut des Experts-comptables et des Conseils Fiscaux – Instituut Van de Accountants en de Belastingconsulenten (IEC (Belgium)
September 18, 2015

68. Baker Tilly International
September 18, 2015

69. The Japanese Institute of Certified Public Accountants (Japan)
September 18, 2015

70. Firme Turnier (Haiti)
September 18, 2015

71. Denise Silva Ferreira Juvenal (Brazil)
September 20, 2015

72. The Institute of Chartered Accountants of Zimbabwe (ICAZ) (Zimbabwe)
September 21, 2015

73. ASSIREVI (Italy)
September 22, 2015

74. International Forum of Independent Audit Regulators
September 28, 2015

75. Instituto dos Auditores Independentes do Brasil (IBRACON) (Brazil)
September 30, 2015

76. Basel Committee on Banking Supervision (BCBS)
October 11, 2015

77. International Organization of Securities Commissions (IOSCO) (United States)
November 6, 2015

Related Resources

Get the latest updates delivered to your inbox

Subscribe now

Translations & Permissions

Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.

IP permissions and policies