Recently, the Charted Professional Accountants of Canada, the Institute of Charted Accountants of Scotland (ICAS) and the International Federation of Accountants has presented a joint publication on professional ethics in the current increasingly challenging environment for professional accountants.
The authors state the obvious truth that the world has already changed beyond recognition and continues to change constantly, adding that in such conditions it becomes more difficult not only to conduct professional activities, but also to adhere to ethical standards.
The new publication is another guidance to help professional accountants, and it is the first in a planned series of four.
Charles-Antoine St-Jean, President and CEO of CPA Canada, notes that we are on s journey to reimagine the future of the accounting profession. The digital disruption and shifting societal expectations are redefining the role of professional accountants around the world. The extent to which professionals are successful in responding to these new challenges and opportunities will determine whether they can remain trusted leaders in change.
The main author of the new publication is still CPA Canada, but it is worth noting that it is largely based on the results of a previous round table Ethical Leadership in an Era of Complexity and Digital Change held by ICAS and IFAC. It is also worth noting that the guidance relies on the drafts of the Technology Working Group of the International Ethics Standards Board for Accountants (IESBA) and the views expressed by various stakeholder groups during public events.