International Ethics Standards Board for Accountants (IESBA)

🤔 #Investors and the #corporategovernance community play a vital role for the International Ethics Standards Board for Accountants (IESBA). They are essential stakeholders as they are the ultimate beneficiaries of the value generated by ethics standard setters. #Ethics standards should be integrated into the strategic approach and implemented as #bestpractices by Boards, CEOs, Audit Committees, CFOs, and Auditors. ⚖ The OECD - OCDE Corporate Governance Principles 2023 emphasize ethics with 53 references, underscoring the significance of international #ethics standards and the necessity for corporate information validation by #independent auditors. 🙈 🙉 🙊 #Ethical standards are pivotal for #investorprotection, particularly for users of #sustainability🍀 information. However, setting a meaningful conversation and bridging the gap between #standardsetters and #investors can be challenging. 🙋♂️🙋♀️ Delighted to have contributed to fostering dialogue between these two crucial parts of the ecosystem at the International Corporate Governance Network conference in London. Grateful for the opportunity to join a panel with esteemed colleagues Sue Lloyd, Tom Seidenstein, and Akihito ISHIWATA, moderated by David Madon. #Ethics #Investors #CorporateGovernance #Sustainability #BestPractices #Audit #Standards #FinancialEthics #InternationalBusiness #OECD #IFAC #IFRS #CorporateResponsibility #InternationalStandards #LondonConference Jen Sisson Séverine Neervoort Andrew Hobbs Carmine Di Noia Sue Lloyd Ravi Abeywardana, ACA Cecile Bonino-Liti Susannah Haan Chris Hodge Dan Konigsburg International Ethics Standards Board for Accountants (IESBA) International Foundation for Ethics and Audit (IFEA) IFAC IPCG - Instituto Português de Corporate Governance João Moreira Rato Rodrigo Buenaventura Public Interest Oversight Board | PIOB International Forum of Independent Audit Regulators (IFIAR) Valerio Novembre International Accreditation Forum Inc ISO - International Organization for Standardization Juliano Ferreira ABEL SEQUEIRA FERREIRA

🌟 Exploring the world of #IESBA 🌟    It's #IESBAQuiz Wednesday! How well do you know us? #accountingandaccountants #ethics #ethicsinbusiness #audit #quiz #Shorts

The IESBA is pleased to share this update from the Public Interest Oversight Board | PIOB on its 79th Technical Committee meeting, held last week, where several important projects related to #ethics and auditing standards were discussed. The IESBA appreciates the opportunity to engage with the #PIOB and present the Board's work on topics such as sustainability assurance, firm culture and governance, and collective investment vehicles. The IESBA also welcomes the collaboration and coordination among the standard-setting boards on sustainability matters, which is essential to address the public interest issues in this area. We look forward to continuing our dialogue with the PIOB and other stakeholders as we advance our projects and initiatives.

Earlier today, #IESBA Chair Gabriela Figueiredo Dias, along with IESBA Members and Sustainability Task Force Chairs Mark Babington and Christelle MARTIN, met in London with International Auditing and Assurance Standards Board (IAASB) Chair Tom Seidenstein, IAASB Vice-Chair and Task Force Chair Josephine Jackson, and staff from both boards to further coordinate efforts related to #Sustainability. 🌍.   The group discussed IESBA's proposed new International Ethics Standards for Sustainability Assurance (including International Independence Standards) (“IESSA”) and proposed revisions to the International Code of Ethics for Professional Accountants (“the Code”) on sustainability reporting (https://lnkd.in/e_WnR7jF), as well as the IAASB’s upcoming standard on #SustainabiltyAssurance (#ISSA5000). Key topics included alignment and interoperability as both boards move closer to finalizing these standards in the latter half of 2024.   Such meetings are crucial to maintain close collaboration and coordination with the IAASB, especially for sustainability. Ensuring alignment between the Code and IAASB standards is essential for effective joint application, as intended. 🤝   🗓️ The IESBA and the IAASB are working towards approval of both sets of sustainability standards before the end of 2024.   Stay tuned for more updates on the Board's progress in shaping a future that ensures decision-useful sustainability-related information and high-quality assurance of that information! #Sustainability #Audit #Ethics #Collaboration #IESSA #IAASB

🌟 Exploring the world of #IESBA 🌟 How well do you know us? Thanks to those who joined our first quiz. Dive into the new one! #accountingandaccountants #ethics #ethicsinbusiness #audit #quiz #shorts

Today, IESBA Chair Gabriela Figueiredo Dias and IESBA Principal Kam Leung were actively engaged in a series of meetings with the European Court of Auditors (ECA), including discussions with the President of ECA, the #Ethics Committee, the Chair of the Audit Quality Control Committee, and members of the Portuguese, Austrian, and Maltese cabinets. The meetings focused on sharing views on our respective organizations' work and strategic plans, especially in areas such as #sustainability, #tax planning, #technology, and #auditorindependence. There was a fruitful exchange of ideas on potential future collaborations between IESBA and ECA.   They also praised the establishment of the new Institutional Body for Ethics Standards for Members of Institutions and Advisory Bodies of the EU (https://lnkd.in/e3mTjqjJ) and discussed how the #IESBACode might interact with this new body. #accountingandaccountants

Today, in Luxembourg, IESBA Chair Gabriela Figueiredo Dias and IESBA Principal Kam Leung had a productive meeting with Claude Marx, Director General of the Commission de Surveillance du Secteur Financier (CSSF), and Carla Pereira Senior Counsel - Regulatory Matters at the European Investment Bank (EIB). The discussions centered on sharing the work of IESBA and raising awareness of the Board's sustainability, ethics, and independence standards. During the meeting, there was an engaging exchange of views on sustainability, ethics, and auditor independence, reflecting how these critical areas impact our respective organizations and the broader financial sector. Stay tuned as #IESBA continues to lead global conversations fostering significant advancements in sustainability and ethical practices within the auditing and financial sectors. #IESSA #Sustainability #Ethics #AuditorIndependence

🌟 Exploring the world of #IESBA 🌟 We're excited to launch a new quiz series! Join us in exploring the world of IESBA. How well do you know us? #accountingandaccountants #ethics #ethicsinbusiness #quiz #IESBAQuiz #audit

📣 Quick reminder: On the 17th, our Co-CEOs Tom Seidenstein and Gabriela Figueiredo Dias will be featured speakers during the International Corporate Governance Network Annual Conference in London. They will be discussing standards for sustainability reporting and assurance. They'll be joined by Sue Lloyd, Vice Chair of the International Sustainability Standards Board (ISSB), and Akira Nozaki, Deputy Director of the Corporate Accounting and Disclosure Division at the Japan FSA. The session will be moderated by David Madon from IFAC. Tom and Gabriela will discuss the IAASB’s proposed global baseline for #SustainabilityAssurance and the IESBA’s proposed ethics framework for sustainability reporting and assurance, including independence standards. Learn more about this three-day event and register here: https://lnkd.in/d-UpndiG

IFAC's new publication, Sustainability Assurance: What to Expect, sheds light on the evolving landscape of sustainability reporting and assurance, highlighting the integral role of professional accountants in steering this change As policymakers and regulators accelerate the introduction of sustainability reporting and assurance requirements, IESBA encourages accountants to embrace their critical role in this journey. Learn more here: https://bit.ly/3VI9u4O