Linkages between IESBA Viewpoints and ISQM 1

This paper explains at a high level the linkages, as well as the key differences, between the IESBA Firm Culture and Governance (FCG) viewpoints (IESBA viewpoints) accepted by the Board at its December 2025 meeting and ISQM 1. It demonstrates the mutually supportive nature of the IESBA viewpoints and ISQM 1 while recognizing the distinctions in their objectives, scope, output and focus.

This paper also presents, for illustrative purposes, the linkages between the IESBA viewpoints and ISQM 1 in relation to the eight elements of the FCG framework (FCG elements): (1) Ethical Leadership, (2) Oversight and Governance, (3) Independent Input, (4) Accountability Across the Firm, (5) Incentives and Disincentives, (6) Open Discussion and Challenge, (7) Education and Training, and (8) Transparency.