International Foundation for Ethics and Audit (IFEA)

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

📣 ISSA 5000 Update We’re pleased to share that we’ve published the International Standard on Sustainability Assurance 5000 (ISSA 5000) and it is now available on the IAASB website: iaasb.org/ISSA5000 This milestone represents years of dedicated collaboration with organizations and individuals who contributed invaluable support and insights, helping to shape a robust standard that will serve as a global baseline. ISSA 5000 provides a framework for qualified practitioners to deliver assurance on any suitable sustainability reporting standard or framework—meeting the urgent global need for reliable sustainability assurance. What’s on the horizon? Stay tuned for a range of guidance and application materials coming this January, with more to follow during 2025. 🌍 IESBA Sustainability Standards Update Our partner board, the International Ethics Standards Board for Accountants (IESBA), is also finalizing its sustainability-related standards. These include the International Ethics Standards for Sustainability Assurance (IESSA) and updates to the International Code of Ethics for Professional Accountants for sustainability reporting and independence, as well as revisions to the Code addressing when experts work alongside professional accountants and assurance practitioners. IESBA anticipates approving its standards during its December meeting. Alignment and interoperability between ISSA 5000, IESSA, and the IESBA Code of Ethics will ensure a strong, unified global baseline for sustainability assurance. Learn more about IESBA’s sustainability work here: https://lnkd.in/gUa5yMG4 📢 Calling All Translating Bodies To support global adoption, we encourage translation bodies to request permission to translate ISSA 5000 here: https://lnkd.in/eJPpNYKm #SustainabilityAssurance #IAASB #EthicsinSustainability #ISSA5000

Happy International Accountants Day 💙 Today we recognise the diverse work that Chartered Accountants do all around the world in different industries, from the Penrith Panthers to the English National Ballet. Swipe through to see how they are making a difference. Download our exclusive member graphics and share what today means to you on social 👉 https://caanz.com/IAD24 👈 A big shout out to all our featured members Mathew Luszczynski CA, Grace Chan, Tiofilusi Tiueti, Lydia Tsen, Izwan Khurshid, Simone Fe'ao, Matt Moriarty, Lyn Au and Carla S Vijian ✨ #CAANZ #DifferenceMakers #InternationalAccountantsDay