LATEST UPDATE

• Staff publication provides thought leadership on the ethical implications of emerging technologies used in the accountancy profession today.
• Characteristic-based approach identifies how emerging technologies may create or amplify ethical threats to the IESBA Code’s fundamental principles.
• Additional technology-related guidance will follow, with the next publication addressing artificial intelligence.

The International Ethics Standards Board for Accountants (IESBA) has released a new publication, Emerging Technologies: A Characteristics-Based Approach to Ethical Considerations for Professional Accountants, available on the IESBA website.

The aim of the publication is to support professional accountants as they develop, implement, or use emerging technologies in public practice and business.

The publication highlights links to the parallel work that the International Auditing and Assurance Standards Board (IAASB) is undertaking on Technology Quality Management. The IESBA will continue to coordinate with the IAASB regarding its technology-related activities to reinforce the connectivity and interoperability of the IESBA Code with the IAASB’s quality management and engagement standards.

For more information on IESBA’s technology-related work, please visit their website.