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.
Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.
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
- IESBA Progresses toward Global Standard on Responding to Non-Compliance with Laws and Regulations; Issues Revised Proposal
- 2022 Handbook of the International Code of Ethics for Professional Accountants
- Briefing Note for Global Sustainability Roundtables
- Final Pronouncement: Revisions to the Code Relating to the Definition of Engagement Team and Group Audits
- Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code