IFAC: Global Ethics Board consults on professional scepticism

14 May 2018

The IESBA seeks public comment on its consultation paper, Professional Scepticism – Meeting Public Expectations.

In response to regulatory and other stakeholder feedback on the topic, the paper explores:

  1. The behavioural characteristics comprised in professional scepticism;
  2. Whether all professional accountants should apply these behavioural characteristics; and
  3. Whether the International Code of Ethics for Professional Accountants (including International Independence Standards) should be further developed to address behaviours associated with the exercise of appropriate professional scepticism.

Through this initiative, the IESBA also aims to reinforce the effective exercise of professional scepticism by auditors.

The consultation paper was developed following close coordination with the IAASB and the IAESB, and with advice from the IESBA Consultative Advisory Group.

The paper will form the basis for discussion with a wide range of stakeholders at a series of three global roundtables in Washington, DC, USA on June 11; Paris, France on June 15; and Tokyo, Japan on July 12.

The IESBA seeks public comment by August 15th.

Full press release


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