The members of the IESBA, including the Chair and Deputy Chair, are appointed by the IFAC Board on the recommendation of the Nominating Committee and with the approval of the PIOB.
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The official text of the Code and Interpretations and other pronouncement is that published by the IESBA in the English language.
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The IESBA also publishes other pronouncements on ethics related matters, thereby advancing public understanding of the ethical requirements of professional accountants. Code of Ethics Interpretations which assist in the application of the Code.However, if an IFAC Member Body or firm is prohibited by law or regulation from complying with certain paragraphs of the Code, they should comply with all other parts of the Code. A Member Body of IFAC or firm shall not apply less stringent standards than those stated in the Code. The Code of Ethics for Professional Accountants, which establishes a principle-based standard of professional ethics for public accountants and provides a conceptual framework for applying these principles.In fulfilling the above objective, the IESBA develops and issues the following authoritative pronouncements: The IESBA’s objective is to serve the public interest by setting high-quality ethics standards for professional accountants and by facilitating the convergence of international and national ethics standards, thereby enhancing the quality and consistency of services provided by professional accountants throughout the world and strengthening public confidence in the global accounting profession. The IFAC Board has determined that designation of the IESBA as the responsible body, under its own authority and within its stated terms of reference, best serves the public interest in achieving this aspect of its mission. The IESBA develops and issues, in the public interest and under its own authority, high-quality ethics standards and other pronouncements for professional accountants for use around the world.
The mission of the International Federation of Accountants (IFAC), as set out in its constitution, is “to serve the public interest by contributing to the development, adoption and implementation of high-quality international standards and guidance contributing to the development of strong professional accountancy organizations and accounting firms, and to high quality practices by professional accountants promoting the value of professional accountants worldwide and speaking out on public interest issues where the accountancy profession’s expertise is most relevant.” In pursuing this mission, the IFAC Board has established the International Ethics Standards Board for Accountants (IESBA) to function as an independent standard-setting body under the auspices of IFAC and subject to the oversight of the Public Interest Oversight Board (PIOB).
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