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May 4, 2020

Stavros Thomadakis extends term as IESBA chairman

By Joe Pickard

The International Ethics Standards Board for Accountants (IESBA) has extended Stavros Thomadakis position as chair until the end of 2021.

Thomadakis has chaired the IESBA since 2015. Under his leadership, the IESBA finalised the restructured International Code of Ethics for Professional Accountants (including International Independence Standards) and launched a digital version – the eCode.

Commenting, Thomadakis said: “I am honoured to continue to lead the IESBA for a final term. We’ve gained considerable momentum with respect to global adoption of the IESBA Code, with approximately 80 countries adopting or in process of adopting the restructured 2018 version, and I am keen on expanding that further.

“In addition to pursuing IESBA’s priority standard-setting projects in the public interest, a key activity will be to assist IESBA’s stakeholders as they navigate the unprecedented challenges and ethical dilemmas arising from the COVID-19 pandemic. In this regard, the IESBA is working to expand its cooperation with others, including its ongoing coordination with the International Auditing and Assurance Standards Board.”

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