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IESBA released Q&As on COVID-19: Ethics and Independence Considerations
- 13 May 2020
- Accounting
- South African Accounting Academy
The pandemic creates many financial, operational and personal difficulties. Professional accountants must now, more than ever, remain focused on the public interest and their ethical responsibilities.
With sudden uncertainty, circumstances change rapidly and many companies unexpectedly face serious distress. Professional accountants must be flexible, alert and skeptical to maintain fidelity to the fundamental principles. Auditors must be ready to re-evaluate the level of threats and revisit actions they take to maintain independence.
This 9-page publication includes questions and answers to guide all user of the Code who come fact to face with the large and small dilemmas of the present adversity.
It covers topics of relevance to all Professional Accountants, as well as topics of relevance to Auditors and Other Professional Accountants in Public Practice.
Click here to download the publication.