International Ethics Standards Board for Accountants (IESBA)

🚨 Breaking News 🚨   The IESBA welcomes the certification of its Global Ethics and Independence Standards for Sustainability Reporting and Assurance by the Public Interest Oversight Board | PIOB and the public support of the standards by the International Organization of Securities Commissions - IOSCO).   📢 These landmark standards provide a robust ethical framework for reporting and assuring sustainability-related information that promotes high quality, reliable information for decision-making by investors, lenders, customers, suppliers, government, regulators and other stakeholders.   👉 Read the full news alert here: https://lnkd.in/e3fp7E9Q   🔗 Learn more about the global standards: ethicsboard.org   #Ethics #Sustainability #IESBA #GlobalStandards #EthicsInSustainability

🎉 Big News from the #IESBA! 🎉 The IESBA announces the appointment of two new members, three reappointments, and a new Vice Chair following the Public Interest Oversight Board | PIOB’s appointments in November. Join us in welcoming these esteemed professionals! 🙌 🌟 Nancy Miller: A Managing Director in Risk Management - Audit and Independence at KPMG. Nancy also serves on the AICPA Professional Ethics Executive Committee (PEEC). 🌟 Obichukwu Nwazota: Managing Director of UGN Consulting Services Ltd in Abuja, Nigeria. Previously Ms. Nwazota was an Audit Senior in Deloitte Nigeria, where she led various audit and audit-related service engagements for both private and public sector clients. 🎉 IESBA’s Newest Vice Chair 🎉 🌟 Channa Wijesinghe GAICD, FCPA, FCA: The CEO of the Australian Accounting Professional & Ethical Standards Board (APESB) has been appointed IESBA's Vice Chair. A valued member since 2022, Mr. Wijesinghe will play a key role in advancing the Board’s work. 👏 The IESBA also welcomes the reappointment of: 🌟 Mark Babington (United Kingdom) 🌟 Christelle MARTIN (France) 🌟 Rich Huesken (USA) 👉 Learn more about our new members here: https://lnkd.in/gKcG3ew 🌟 The expertise and leadership of these new and returning members will support the IESBA’s mission to enhance global standards in ethics and governance. 🌟 #Ethics #Leadership #IESBA #GlobalStandards #Governance

📢 IESBA Launches Standard-Setting Project on Accounting Firm Culture and Governance after recommendations of the fact-finding report published today. 🌍   The IESBA Firm Culture & Governance Working Group Final Report lays the groundwork for a new standard-setting project focused on strengthening the culture and governance framework within accounting firms, building on practices that emphasize ethical values and foster a strong ethical culture. Key findings from the Working Group highlight the continued importance of ethical leadership, accountability, transparency, and other critical factors in maintaining public trust and ensuring long-term sustainability. 🔗 Read the full report here: https://lnkd.in/ewPsaRdw. Visit the IESBA's Firm Culture & Governance Focus Page at: https://lnkd.in/e_85Pv6f IESBA Firm Culture & Governance Working Group ✔️ Channa Wijesinghe GAICD, FCPA, FCA, IESBA Member (Chair) ✔️ Rich Huesken, IESBA Member ✔️ Héctor J. Lehuedé, IESBA Member ✔️ Rania Uwaydah Mardini, MBA, CPA, CFE, IESBA Member IESBA Staff Support ✔️ Geoffrey Kwan ✔️ Carla S Vijian Consultant ✔️ Richard Fleck #Ethics #Governance #Accountability #Sustainability #culture

🌟 To our followers, the accountancy profession, those who rely on the global financial architecture, and everyone dedicated to serving the #publicinterest: The IESBA wishes you a happy, healthy, and productive 2025! 🎉 To those who don’t follow us yet: start today! Engage with our content, and advocate for ethics and the public interest. Let’s work together to make a positive impact in 2025. 📣 As we step into the new year, here’s a look back at the IESBA posts that resonated most with our audience in 2024: 📅 December 6 - 🌍🌟 IESBA Approved Ethics and Independence Standards for Sustainability 🌟🌍 https://lnkd.in/eaQbGQna 📅 August 31 - 📢 ‼ New Handbook Alert ‼ 📢 https://lnkd.in/etehHgnN 📅 November 20 - 🌍✨ Gabriela Figueiredo Dias Reappointed as Chair of IESBA ✨🌍 https://lnkd.in/eU48YHuR 📅 May 7 - ✨🌐Breaking News on IESBA's Global Ethics Standards on Tax Planning 🌐✨ https://lnkd.in/eE2t-Yhf 📅 September 18 - ✨IESBA September Meeting Update✨ https://lnkd.in/eHBMWbnP 📅 April 30 - 🌍 The inaugural IESBA-IAASB Stakeholder Advisory Council (SAC) meeting 🌍 https://lnkd.in/eMd3UR99 📅 January 29 - 🌱📢 Introducing IESSA - International Ethics Standards for Sustainability Assurance and Enhanced Ethics Standards for Sustainability Reporting 🌱📢 https://lnkd.in/e4G9c3Kk 💬 Thank you for being part of our journey to promote ethics and the public trust. Here’s to another impactful year ahead! 🌍✨

📅 Reflecting on 2024: A Year of Exploration, Discovery, Growth, and Preparation 📅 As 2024 comes to a close, I am proud to reflect on the Board’s dedication to uncovering the key ethical challenges and opportunities shaping the future of our profession. At the International Ethics Standards Board for Accountants (IESBA), this year has been pivotal in laying the groundwork for impactful initiatives: 🌍 Sustainability: Leading the charge and setting a global benchmark for ethical behavior and independence in sustainability reporting and assurance. 💡 Technology: Exploring the ethical implications of innovation to promote responsible practices in the public interest. 🏛️ Governance and Accountability: Fact-finding to support the development of ethical leadership and governance standards in 2025. 2024 has been a year of milestones, both professionally and personally, and a year of preparation for what’s next. Deepest gratitude to our esteemed Board members and stakeholders for their exceptional contributions and steadfast dedication throughout the year. As I look to 2025, I am excited about the opportunities to advance the work of our Board and deepen our collaboration with our stakeholders to drive meaningful change. What was your defining moment of 2024? #LeadershipInAction #EthicsAndAccountability #Sustainability #Innovation #ProfessionalGrowth

🌍 December 2024 IESBA Meeting Highlights: Key Areas of Focus! 🌍 The IESBA’s recent meeting in NYC tackled several critical topics shaping the future of ethics and independence standards. Key highlights include: 🌱 Sustainability Standards – Board approval of the International Ethics Standards for Sustainability Assurance (IESSA) and related revisions to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code), setting a global benchmark for ethical behavior and independence in sustainability reporting and assurance. 📊 Using the Work of an External Expert – Approval of revisions to the Code, establishing an ethical framework for evaluating the competence, capabilities and objectivity of external experts used by professional accountants and sustainability assurance practitioners. 🏢 Firm Culture & Governance (FCG) – The Board also approved a project plan to develop a new standard on accounting firm culture and governance, focusing, among other matters, on ethical leadership and accountability within accounting firms. The Board marked the departure of two esteemed members, Laurie Callahan Endsley, IESBA Vice Chair, and Andrew (Andy) Mintzer, CPA, CGMA, CFE. Their dedicated service and contributions have helped significantly shape the IESBA’s work. Read the full highlights here: https://lnkd.in/e3-RXrkq    Follow us and stay informed on the latest ethics developments!   Like.Share.Engage.   #EthicsInAccounting #sustainability #ProfessionalStandards #GlobalEthics

🤝 IESBA Global Outreach - December 2024🤝 This week, IESBA Chair Gabriela Figueiredo Dias represented the Global Ethics Standard Setting Board at the European Commission's Platform for Good Tax Governance in #Brussels. Ms. Dias shared insights on IESBA’s groundbreaking Tax Planning Standard and its role in promoting ethical behavior, transparency, and accountability in the provision of #taxplanning services. Learn more about the standard here: https://lnkd.in/dv4dkxtP   The Platform for Good Tax Governance consists of tax professionals and expert representatives of businesses and civil society organisations. It enables a structured dialogue and exchange of expertise which can feed into a more coordinated and effective EU approach against tax evasion and avoidance. #Ethics isn’t just a concept—it’s the foundation of trust in tax governance. By setting clear global standards, we empower professionals to act as gatekeepers of integrity and ensure tax planning serves the #publicinterest.

✨ Now effective! - Two IESBA global standards to strengthen the accountancy profession ✨   On December 15, 2024, two IESBA Final Pronouncements came into effect:   ✔ Revised Definitions of Listed Entity and Public Interest Entity (PIE) ✔ Technology-Related Revisions to the Code   The revised PIE provisions specify a broader list of categories of entities as PIEs whose audits should be subject to additional independence requirements to meet stakeholders’ heightened expectations concerning auditor independence when an entity is a PIE.   The Technology revisions are designed to strengthen ethical principles for accountants, addressing the challenges and opportunities of a rapidly evolving digital world.   Learn more about these important updates at ethicsboard.org.   #Ethics #Accounting #Technology #PublicInterest #IESBACode

✨ The Countdown is On! ✨   In just three days, on December 15, 2024, the Revised Definitions of Listed Entity and Public Interest Entity (PIE) in the International Code of Ethics for Professional Accountants take effect!   The revised provisions specify a broader list of categories of entities as PIEs whose audits should be subject to additional independence requirements to meet stakeholders’ heightened expectations concerning auditor independence when an entity is a PIE.   Discover how these updates support ethical practices listed entities and public interest entities here: https://lnkd.in/ef34wVMK   #Accounting#PIE #publicinterest #IESBACode

Thank you, Paul Munter, Chair of the Monitoring Group for your support of IESBA's recent approval of global ethics and independence standards related to the reporting and assurance of sustainability-related information. Learn more about IESBA's recent milestone vote here: https://lnkd.in/egC_mEaw