The International Ethics Standards Board for Accountants (IESBA) has proposed revisions to the Code of Ethics for Professional Accountants (Ethics Code) that would establish a comprehensive framework to deal with all forms of inducements. The comment period ends on 8 December 2017.

The Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements (Exposure Draft), would clarify the appropriate boundaries for the offering and accepting of inducements. It would also prohibit inducements made with intent to wrongly influence behaviour.

If adopted, the proposals would apply to both professional accountants in business and in public practice. The proposed framework would enhance the guidance on offer and acceptance of inducements by family members of professional accountants.

The Exposure Draft is available on the link below: