Firm Culture and Governance

Objective

The objective of the project is to develop a culture and governance framework that promotes, supports and reinforces a high standard of ethical behavior by a firm's leadership, other partners, and staff across all of the firm’s services, thereby helping the firm develop a reputation as a highly ethical firm, mitigate the risks of unethical behavior and strengthen public trust and confidence in all of its services.

PROJECT FOCUS PAGE:

Website

 

STANDARD SETTING WORKSTREAM                
 
PROJECT TEAM:
NON-AUTHORITATIVE MATERIALS (NAM) WORKSTREAM  
 
PROJECT TEAM:

                                                        
BOARD ADVISORS TO BOTH WORKSTREAMS:
  •          Channa Wijesinghe 
  •          Rich Huesken                                                                              
IESBA March 2025 Meeting Highlights

The IESBA considered an update from the project team on the upcoming global roundtables, stakeholder outreach to date, and proposed approach to developing non-authoritative materials (NAMs).

The IESBA also shared reflections on the illustrative examples of aspects of a principles-based FCG framework as set out in the FCG Working Group’s Final Report. This included preliminary consideration of whether a principles-based framework consistent with how the Code is drafted or a “framework of principles” would be more appropriate as an output. The IESBA acknowledged that the roundtable feedback and other inputs from stakeholder outreach would be helpful to inform the approach.

The IESBA will consider an analysis of the feedback from the global roundtables,  the project team’s responses, and a preliminary “strawman” draft of the FCG framework at its June 2025 meeting.

 

Project Stages