Proposed revisions to the Code pertaining to the offering and accepting of inducements

ACCA response to IESBA consultation on their exposure draft, 'Proposed revisions to the Code pertaining to the offering and accepting of inducements'

We welcome the opportunity to comment on the proposals to establish a comprehensive framework that covers all forms of inducements. It is important that the Code promotes ethical behaviour by Professional Accountants in Business (PAIBs) and Professional Accountants in Public Practice (PAPPs) through greater consistency, understandability and usability. We are therefore supportive of the IESBA's aim to strengthen the provisions concerning the offering and accepting of inducements, and to make related conforming amendments to the independence provisions relating to gifts and hospitality.

Our detailed comments can be found in the attached document.