The International Ethics Standards Board for Accountants (IESBA) recently restructured and revised its Code of Ethics for Professional Accountants. The IESBA Code goes beyond public accountants and auditors to the private sector, including finance and management accountants.
The context of the changes to the IESBA Code is the rapid transformation of technology during the post-financial crisis period, leading to technological disruption that affects the accounting profession. At the March 2019 meeting of the IESBA board of directors, IESBA members discussed the new changes to the Code and debated other hot-button ethical issues that may require future updates.
Explore the discussions regarding how technology could impact the fundamental principles that outline accountants’ ethical obligations.