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International Federation of Accountants (IFAC)The Malta Institute of Accountants is a member of the International Federation of Accountants (IFAC),
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The International Ethics Standards Board for Accountants (IESBA) announced the publication of its Strategy and Work Plan for 2024-2027 (SWP), titled Towards a More Sustainable Future: Advancing the Centrality of Ethics. The SWP sets out the IESBA's vision and strategic goals and actions, underpinning its ambition to put the International Code of Ethics for Professional Accountants (including International Independence Standards) at the heart of business and organizations.
The International Ethics Standards Board for Accountants (IESBA) announced the launch of the first comprehensive suite of global standards on ethical considerations in tax planning and related services, incorporated in the IESBA Code of Ethics.
Following certification by the Public Interest Oversight Board (PIOB), the standards establish a clear framework of expected behaviours and ethics provisions for use by all professional accountants and respond to public interest concerns about tax avoidance and the role played by consultants in light of revelations in recent years, such as the Paradise and Pandora Papers.
These new standards are aimed at complementing and further strengthening the relevance of the existing IESBA Code addressing Tax Planning and Related Services. The standards become effective July 1st, 2025.
Read more.New guidance has just been issued by the International Auditing and Assurance Standards Board (IAASB) to help stakeholders understand how to reference IFRS Accounting Standards to follow recent updates to the IFRS Foundation Trademark Guidelines. The Guidance aims to clarify how auditors or practitioners should refer to the IFRS Accounting Standards in their reports, while also delving into the changes IAASB will adopt for future editions of the IAASB handbook to highlight existing references to the IASs and IFRSs.
More information is available here.