CIMA currently has two members sitting on IESBA – Nina Barakzai and Brian Walsh. These members sit in a personal capacity but are supported by CIMA and the CCAB. The Strategy and Work Plan sets out the proposed work of IESBA’s development of the Code of Ethics for Professional Accountants and offers CIMA members a key opportunity to join in the debate and add their views on the Board’s work to promote good ethical practices globally.

The IESBA would like to receive comments on all matters related to its proposed Strategy and Work Plan for the period 2010–2012. Comments should refer to specific sections of the proposed Strategy and Work Plan, include the reasons for the comments, and, where a change is thought to be needed, make explicit suggestions for proposed changes. The IESBA would also like to hear from respondents who agree with the proposed Strategy and Work Plan, so do take this opportunity to contribute to the revised Code.

Request for Specific Comment:

1. Are the IESBA’s priorities for the years 2010–2012 appropriate? If not, why not and how should the priorities be amended?

2. Are the standard setting projects that will be undertaken for the years 2010–2012 appropriate? If not, why not and which projects should be added or deleted and why?

3. Are there any specific initiatives that the IESBA should undertake to promote or assist in adoption and implementation of the Code? If so, please be as specific as possible.

4. Are there any specific initiatives that the IESBA should undertake in relation to the needs of professional accountants in SMP and SME environments and those in developing nations? If so, please be as specific as possible.

Comments should be made directly to IFAC via The Strategy and Work Plan page on the website.

IFAC is the global organization for the accountancy profession. It works with its 159 members and associates in 124 countries and jurisdictions to protect the public interest by encouraging high quality practices by the world's accountants. IFAC members and associates, which are primarily national professional accountancy bodies, represent 2.5 million accountants employed in public practice, industry and commerce, government, and academia.

IFAC’s International Ethics Standards Board for Accountants (IESBA) develops ethical standards and guidance for use by professional accountants. It encourages member bodies to adopt high standards of ethics for their members and promotes good ethical practices globally. The IESBA also fosters international debate on ethical issues faced by accountants.