Responding to non-compliance with laws and regulations – IESBA exposure draft

The International Ethics Standards Board for Accountants (IESBA) has proposed a framework for assisting professional accountants in situations where they come across possible non-compliance. ACCA has members in many jurisdictions in which local legislation may present difficulty in complying with disclosure requirements. Our position is that any changes should enhance clarity and consistency of behaviour. We support moves to advance the public interest but feel that this is best achieved through a principles-based framework.