International Foundation for Ethics and Audit (IFEA)

Following a call for applications earlier this year (https://lnkd.in/dUm8yt36) the Monitoring Group (MG) is pleased to announce that Han Yi, Chief Executive Officer of the Korea Accounting Institute (KAI), overseeing both the Korea Accounting Standards Board (KASB) and the Korea Sustainability Standards Board (KSSB), will be joining the Public Interest Oversight Board | PIOB in 2025. The MG is also pleased to announce the re-appointment of Dave Sullivan and Tshegofatso Modise. Paul Munter, Chair of the MG, stated: “We are excited to welcome Mr. Han Yi to the PIOB and continue to work with Dave Sullivan and Tshegofatso Modise. We are confident that they will contribute to the work of the PIOB in executing its oversight responsibilities and we look forward to continuing to work collaboratively with the PIOB and other relevant stakeholders on our continuing journey to implement the MG Recommendations.” Read the media release here: https://lnkd.in/d9S4Zmb3

Congratulations to our Chair Tom Seidenstein on his inclusion in the Accounting Today 2024 Top 100 Most Influential People. As Accounting Today puts it: “The future of accounting will definitely be more global, and as head of the International Auditing and Assurance Standards Board, few people have more influence over the future of audit and attest worldwide than Seidenstein, who’s also working to make his standard-setting more agile, more collaborative, and more relevant, while also pioneering areas involving sustainability and technology.” Congratulations to all those named to the Top 100 listing! Read the full listing here: https://lnkd.in/gWSPPiWk

🚨 Breaking News 🚨   The IESBA Board has approved landmark ethics standards for sustainability reporting and assurance and revisions to the Code on the use of experts!   These new global standards address critical challenges in sustainability reporting and assurance, including ethical risks like conflicts of interest, pressure, and bias leading to #greenwashing. The International Ethics Standards for Sustainability Assurance (IESSA) and related revisions provide a robust ethical and independence framework to protect investors, consumers, and society against misleading sustainability information and illicit financial flows hiding behind “green” objectives. The Use of Experts revisions establish clear guidance for assessing the competence, objectivity, and capabilities of external experts, ensuring reliable and trustworthy contributions to sustainability assurance.   This milestone reflects the IESBA’s commitment to integrity, transparency, and trust in sustainability.   Stay tuned for the global launch in early 2025, following certification by the Public Interest Oversight Board | PIOB. This will coincide with the release of the International Auditing and Assurance Standards Board (IAASB)’s ISSA 5000, completing the global infrastructure for sustainability reporting and assurance. Learn more at ethicsboard.org. Like. Share. Engage.   #Ethics #Sustainability #IESBACode #EthicsInSustainability #IESBA

The IRBA offers its condolences on the tragic passing of our colleague, Director: Standards, Imran Vanker. We are deeply saddened and our thoughts and prayers are with the Vanker Family, friends and colleagues at this sad time.

🌍✨ Gabriela Figueiredo Dias Reappointed as Chair of IESBA ✨🌍 The International Ethics Standards Board for Accountants (#IESBA) proudly announces the reappointment of Gabriela Figueiredo Dias for a second term as Chair, beginning January 1, 2025, through December 31, 2026. (read the release: https://lnkd.in/e9d5JEFi) Since taking the helm in 2022, Gabriela has been a driving force behind transformative changes to the IESBA Code of Ethics, strengthening its global relevance and addressing pressing issues like: ✅ #Sustainability: Pioneering ethics and independence standards to support sustainability reporting and assurance. ✅ #TaxPlanning: Introducing ethics aspects to tax-related services. ✅ Technology: Tackling the impact of tech on accounting and assurance. ✅ Auditor Independence: Enhancing standards for group audits. Her leadership comes at a pivotal time, as IESBA advances its bold 2024-2027 Strategy and Work Plan, focusing on culture and governance of firms, expanding the Code’s scope, and addressing auditor independence and CFO roles. 🎙️ Gabriela on her reappointment: "Ethics is not optional; it is the bedrock of the accountancy profession and public trust. I look forward to continuing our ambitious work to meet the evolving ethical challenges of today’s world." Join us in congratulating Gabriela on her reappointment! 🎉 Like. Share. Engage. #EthicsInAction #GlobalEthics #Leadership #Sustainability #PublicTrust

Important news! The PIOB has approved key appointments and re-appointments to the International Ethics Standards Board for Accountants (IESBA) and the International Auditing and Assurance Standards Board (IAASB) effective 1 January, 2025. For IESBA, Gabriela Figueiredo Dias is re-appointed as Chair for a two-year term, with eligibility for further re-appointment and Channa Wijesinghe FCPA, FCA is appointed as Vice-Chair for a two-year term, following his re-appointment to the Board. Nancy Miller and Obichukwu Nwazota are appointed as new IESBA members. Mark Babington and Christelle MARTIN are re-appointed for three-year terms, and Rich Huesken for a final year of service. Read IESBA press release: https://lnkd.in/dwGrR73R For IAASB, Josephine Jackson is re-appointed as IAASB Vice-Chair for a final year of service. Nancy Cheng, Amaro Gomes, Xiaoyue Sun and Mikiko Ono are appointed as new IAASB members, and Bill Edge and  Neil Morris are re-appointed, all for three-year terms. Read IAASB press release: https://lnkd.in/dbTEJ_6D The PIOB announcement marks the transition to multi-stakeholder SSBs to strengthen the international standard-setting system and reflect geographic diversity and gender balance. This is to ensure the SSBs are equipped to address global challenges on the basis of a broader range of perspectives.  #SSBNominations #Diversity #Standardsettingboards #PublicInterest