Tag Archives: IESBA

SHARE: In May 2022, NASBA Past Chair Diane Rubin, CPA, was appointed to the newly formed Public Accounting Oversight Board (PCAOB) Standards and Emerging Issues Advisory Group (SEIAG). According to a recent PCAOB announcement, the SEIAG was established to advise on existing standards, proposed Diane Rubin standards, potential new standards, and emerging issues that are…

SHARE: Forget what you thought you knew about public entities and how they are defined. The International Ethics Standards Board for Accountants (IESBA) has redefined what it means to be a public entity. According to a recent article on IESBA’s website, the organization has expanded the definition of a PIE, or Public Interest Entity, along…

SHARE: On January 14, 2021, the latest round in the profession’s ongoing attempt to deal with NOCLAR (non-compliance with laws and regulations) began, with the AICPA’s Auditing Standards Board’s (ASB) vote to expose for public comment a proposed Statement on Auditing Standards (SAS) on “Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and…

SHARE: It has taken them five years, but the Monitoring Group has issued their final recommendations to advance the public interest in international audit-related standard-setting and improve audit quality. Their 27-page report “Strengthening the International Audit and Ethics Standard-Setting System” was released in July. The members of the Monitoring Group (MG) are the: Basel Committee…

SHARE: How best to address noncompliance with laws and regulations (NOCLAR) by clients was addressed in the first meeting of a joint task force of the AICPA/NASBA Uniform Accountancy Committee and the AICPA Professional Ethics Executive Committee on July 30-31 in Washington, DC. The task force was formed as recommended by the AICPA/NASBA summit leadership…

SHARE: International Ethics Standards Board for Accountants (IESBA) Chair Stavros Thomadakis (left) presents NASBA Senior Vice President and CFO Michael Bryant with a plaque expressing IESBA’s appreciation for NASBA’s hospitality in providing IESBA meeting space in its Nashville headquarters.

SHARE: Gaylen R. Hansen, CPA, NASBA Chair 2012-13, has been appointed chair of the Consultative Advisory Group (CAG) of the International Ethics Standards Boards for Accountants (IESBA) effective July 1, 2019. He has represented NASBA on the CAG since 2010 and currently serves on NASBA’s Regulatory Response Committee and Standard-Setting & Professional Trends Advisory Committee,…

SHARE: For the September 12-13 AICPA/NASBA Uniform Accountancy Act Committee’s meeting, NASBA UAA Committee Chair J. Coalter Baker (TX) invited subject experts to lay out the issues involved in determining how the UAA should approach a client’s noncompliance with regulations and laws (NOCLAR). NASBA had raised several concerns in its May 2017 letter responding to…

SHARE: As 43 Boards of Accountancy adopt in whole or in part the AICPA Code of Professional Conduct, upcoming changes and considered changes to the Code are important to Board members, NASBA Ethics Committee Chair Cathy Allen (NY) stated. “We want to ensure our code is a stringent one that will protect the public,” she…

SHARE: To respond to its key strategic priorities, during the December 4-7 meeting of the International Ethics Standards Board for Accountants (IESBA), held in Livingstone, Zambia, the Board established a new Task Force on Technology and Innovation. The strategic task force is charged with responsibility to assess the impact of emerging technology and innovation on…