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Restructured Code – Rollout

This update provides information on the rollout of the restructured code, with a strategy aimed at promoting awareness, adoption, and effective implementation. Resources and tools are available, and outreach efforts include in-person events, webinars, social media, and publications.

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Restructured Code – Rollout

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  1. Restructured Code – Rollout IESBA Meeting, Athens Greece June 18-20, 2018 Kim Gibson, Working Group Chair

  2. Objective • To provide an update on restructured Code rollout

  3. WG Objective and Rollout Strategy • To promote awareness, adoption and effective implementation of revised and restructured Code • Strategy aimed at global stakeholder engagement • Rollout tag line: Prepare, Engage, Activate • One stop webpage for resources and tools • General and targeted outreach: in-person, webinars, webcasts etc. • Social media, e.g., Twitter, Linked-in, Youtube • Articles and other publications

  4. Call to Action • IESBA WG and Staff cannot do this alone • Critical for IESBA and TAs to get involved • CAG, NSS, regulators and audit oversight bodies, IFAC member bodies, firms, educators and others also have a role • Areas of focus • Engage target audiences and identify new ones • Mobilize and leverage IESBA/IFAC networks and digital assets • Deliver consistent messages

  5. Consistent Messaging • Resources and Tools Available • New Code Approved inducements text • Press Release One-page flyer • PowerPoint Slides • Basis for Conclusions • Webinars • More to Come • Visit: www.ethicsboard.org/restructured-code • VideosArticles At-a-Glance Fact Sheet • Staff Q&As

  6. Print and Online Media Coverage

  7. Outreach by IESBA Members and Others NASBA Member, Cathy Allenon youtube.com IESBA Member, Caroline Lee presents in Thailand

  8. Key Messages From NSS • Alignment needed between restructured Code and IAASB’s standards (not a straightforward exercise) • Challenges with accessing restructured Code and other tools and resources on IESBA website because of need for pre-registration and login • Calls for “train the trainer programs” in local jurisdictions • Calls for practice aids and illustrations to help SMPs • Code has potential broader marketplace appeal

  9. Upcoming Outreach • July/ August • Tokyo outreach • Seminar to HKICPA members • Seminar for Malaysian Institute of Accountants • Presentation to ASEAN Audit Regulators Group • Indonesia outreach • November • Australia/New Zealand

  10. Looking ahead • 2018 Handbook • Release anticipated by September 2018 • Revamped E-Code • Phase 1anticipated by June 2019

  11. Matters for IESBA Consideration • IESBA members asked to share views about: • Planned and ongoing efforts aimed at promoting awareness of Code • Whether there are specific messages, resources and tools that might be needed for certain jurisdictions or constituents • Any known challenges or concerns that might affect adoption or effective implementation of restructured Code and suggestions about how to overcome them

  12. The Ethics Board www.ethicsboard.org

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