This project considers the implications of the International Ethics Standards Board for Accountants’ (IESBA’s) project to develop new standards for its Code of Ethics for Professional Accountants (IESBA Code) regarding responding to non-compliance with laws and regulations (NOCLAR) on the IAASB’s International Standards.



IAASB Communications

Project Stages



The IESBA approved revisions to the IESBA Code to address the professional accountant’s responsibility in relation to NOCLAR at its April 2016 teleconference. The changes to the IESBA Code become effective on July 15, 2017.

At its June 2016 meeting, the IAASB approved the revisions to ISA 250 and related conforming amendments to other IAASB International Standards. The revisions comprise of limited amendments to ISA 250 (Revised), and other IAASB International Standards, in order to address actual or perceived inconsistencies of the approach to identifying and dealing with instances of identified or suspected NOCLAR. The changes are effective for audits of financial statements for periods beginning on or after December 15, 2017.



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