Global Ethics Webinar Explaining the Newly Effective Code of Ethics
On November 20th, 2019 the International Ethics Standards Board for Accountants (IESBA), the ASEAN Federation of Accountants, and the Institute of Singapore Chartered Accountants co-hosted a 90-minute webinar focusing on the key features of the International Code of Ethics for Professional Accountants.
During the webinar, the IESBA representatives explained the Code’s new structure; as well as the substantive revisions, including enhancement to the conceptual framework and provisions relating to inducements, including gifts and hospitality; pressure; and preparing and presenting information. The webinar also touched on the new Non-compliance with Laws and Regulation (NOCLAR) and revised Long Association provisions; as well as the IESBA’s new eCode which was launched in June 2019.
Effective since mid-June 2019, the Code reinforces professional accountants’ responsibility to comply with the five fundamental principles of ethics and emphasizes the International Independence Standards that apply in performing audits, reviews and other assurance engagements.
More information about the Code is available at the IESBA’s website.
If you have questions about this webinar, please email Geoff Kwan at email@example.com.