• Register
Return to: Home > News > Standards > Brazilian lawyers and accountants meet ahead of NOCLAR implementation

Brazilian lawyers and accountants meet ahead of NOCLAR implementation

As Brazil prepares to adopt the IESBA’s framework of standards to respond to non-compliance with laws and regulations (NOCLAR), Brazilian lawyers, accountants and auditors met to discuss its implications.

NOCLAR is a framework designed by the IESBA to guide professional accountants in what actions to take in the public interest when they become aware of a potential illegal act committed by a client or employer.

Idésio Coelho, president of the Brazilian Institute of Independent Auditors (IBRACON), commented that IBRACON was working with the Federal Accounting Council  on the translation of the framework into Portuguese. He added that NOCLAR was of high technical quality as it has been developed for six years in consultation with a wide range of global stakeholders and will be implemented in a 100 countries at the same time.

“It is aligned with various international treaties on corruption,” Coelho said. “If applied correctly NOCLAR could be a giant step forward for society as a whole as well as valuating the accountancy profession by demonstrating its relevance to the community.”

Top Content

    Choosing the right location can have cast-iron benefits

    As Game of Thrones, one of the biggest television shows of all time, comes to an end, Joe Pickard looks at how tax incentives offered to television and film production companies help the wider economy.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.