IPSAS 41, Financial Instruments, establishes new requirements for classifying, recognizing and measuring financial instruments to replace those in IPSAS 29, Financial Instruments: Recognition and Measurement.
IPSAS 41 provides users of financial statements with more useful information than IPSAS 29, by:
The following slide deck presents an overview of the revised and restructured Code of Ethics.
00:12 - Introduction: Diane Jules, IESBA Deputy Director
00:56 - Highlights & Key Developments: Stavros Thomadakis, IESBA Chairman
04:23 - eCode: Don Thomson, eCode Working Group Chair
06:41 - Non-Assurance Services: Jens Poll, Working Group Member
11:48 - Fees: Ian McPhee, Working Group Chair
15:25 - Professional Skepticism: Patricia Mulvaney, Working Group Member
19:35 - Closing Remarks: Diane Jules
Small- and medium-sized practices (SMPs) are a critically important part of the accounting profession and constitute the vast majority of accountancy practices worldwide. A strong SMP constituency can contribute to increased choice and competition in the market for professional services.
Professional accountants in business comprise a significant part of the profession working in commerce, industry, financial services, education, and the public and not-for-profit sectors. The Professional Accountants in Business (PAIB) Advisory Group focuses on ensuring these accountants meet the future needs of business and the public sector.