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IESBA: Summary of Feedback from Global Roundtables on Firm Culture and Governance
- 24 July 2025
- Accounting
- South African Accounting Academy
Summary:
The International Ethics Standards Board for Accountants (IESBA) has released Firm Culture and Governance: Summary of Feedback from Global Roundtables.
Article:
This is a publication that captures stakeholder perspectives from 6 global roundtables held earlier this year as part of the Board’s Firm Culture and Governance (FCG) project.
The insights gathered through these discussions have directly contributed to the IESBA’s recent decision to remain firmly committed to taking decisive steps to address the cultural and governance dimensions within accounting firms, recognizing their critical impact on ethical behaviour. These insights will also shape the IESBA’s future work, referenced in a recent IESBA communication on the topic, including:
- the development of a series of IESBA Viewpoints addressing eight key elements to a Firm Culture and Governance Framework, such as ethical leadership, accountability, and incentives and rewards;
- the preparation of a comprehensive plan, to be launched in 2026, for practical guidance and other initiatives to help firms foster an ethical culture and embed values that sustain long-term public trust in them; and
- the decision to consider, by mid-2026, the appropriate approach to developing a Firm Culture and Governance Framework, aimed at guiding firms in strengthening their ethical culture and related governance practices.
Click here to download the 34-page document:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an accountant, auditor and independent reviewer, you need to comply with International Code of Professional Conduct.
- Failure to adhere to the Code may lead to disciplinary action.
- Auditors, Independent Reviewers and Accountants should be aware of the latest publications by regulators and standard-setters, e.g. IESBA.