Exposure Draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements
The proposals strengthen the provisions in the Code of Ethics for Professional Accountants regarding the accepting and offering of inducements by establishing a comprehensive framework that covers all forms of inducements and which applies to both professional accountants in business and professional accountants in public practice. The proposals would also require professional accountants to understand and comply with relevant laws and regulations in situations related to bribery and corruption and prohibit the offering and accepting of inducements with intent to imprope