Technology Phase 2 Report, Potential Ethics Impact on the Behavior of Professional Accountants

  1. The following sections of the report focus on the potential ethics impacts of technology on the behavior of PAs: competence and due care, objectivity, transparency and confidentiality, and independence. The Working Group acknowledges that many of the impacts raised by stakeholders during Phase 2 of fact-finding both reaffirm and underscore the outcomes from Phase 1, thereby supporting the IESBA’s Technology ED. Other foreseeable impacts or concerns raised by stakeholders are new or extend the Phase 1 findings. These further impacts or concerns form the basis of the Working Group’s insights and recommendations, detailed in Section III: Insights and Recommendations, with respect to areas of potential enhancement to the Code and topics for non-authoritative guidance for the IESBA’s consideration.133

To learn about each ethics impact, click on a topic below:

COMPETENCE AND DUE CARE

OBJECTIVITY

RESPONSIBILITY FOR TRANSPARENCY AND CONFIDENTIALITY

INDEPENDENCE

download individual topic areas here

133 In considering the Working Group’s recommendations detailed in Section III of this report, the IESBA will, when prioritizing future projects and initiatives, also take into account and balance other considerations such as responses from the 2022 Strategy Survey, findings from its recently completed benchmarking initiative, its pre-commitments, and resources available.