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March 29, 2010

Ethics board releases exposure draft

The International Ethics Standard Board for Accountants (IESBA) is seeking comments on a proposed strategy and work plan for the next three years.

The exposure draft follows an IESBA commissioned survey of interested parties that sought their priorities for the IESBA agenda.

The draft aims to expand existing guidelines on how to avoid conflict of interest and how to respond to suspected fraud and illegal acts.

The IESBA will also continue to assess what materials and activities may further help those who are adopting or implementing the scheme, particularly in relation to advancing its objective of facilitating convergence of international and national ethical standards.

 

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