ACCA has responded to a consultation by IESBA on, Improving the structure of the Code of Ethics for Professional Accountants
ACCA welcomes the opportunity to comment on the proposals issued by the International Ethics Standards Board for Accountants (the IESBA). The ACCA Global Forum for Ethics has considered the matters raised, and the views of its members are represented in the attached response.
We support the objectives of this IESBA project, and agree that appropriate restructuring will improve the understandability and usability of the Code, and so improve implementation and enforcement. A logical and well-structured Code, which is not of excessive length, will enhance the Code’s transparency and usefulness. ACCA believes that this will lead to higher standards of ethical behaviour among professional accountants, in the public interest.
Our detailed comments in respect of specific questions within the consultation are set out in the attached document.