IV. Conclusion
- Reflecting on the substantive stakeholder outreach, desktop research, and other activities undertaken by the IESBA during both Phase 1 (2019-2020) and this second phase (2021-2022) of its fact-finding; the Working Group notes that the key themes observed have become increasingly consistent over time. The broad insights gathered also remain relevant despite the different types of technology being assessed and evaluated.
- Specifically, the technology landscape, although dynamic and evolving, has not seen a revolutionary turn that would significantly impact the relevance of the Code (including revised NAS provisions). Rather, the findings of Phase 2 underpin the fact that, with few exceptions, the Code continues to remain applicable and relevant to guide ethical decision-making around a PA’s involvement with the design, implementation, or use of disruptive and transformative technologies and related issues.
The revisions to the Code arising from the IESBA’s technology project will additionally enhance the Code’s robustness and expand its relevance in this environment. Also, the IESBA’s careful consideration of the Working Group’s Phase 2 recommendations, in the context of its other workstreams and future strategic priorities, will help ensure the Code’s continued relevance into the future as technology reshapes the roles PAs undertake.- Looking ahead, it is clear that technology is not “one and done”, and innovations in technology will continue to be monitored by the IESBA.