May 10, 2021
A working group formed by the International Ethics Standards Board for Accountants (IESBA) and national ethics standard setters (NSS) from Australia, Canada, China, South Africa, the UK and the US has released 5 Ethical Challenges that Will Intensify as the Pandemic Wanes, a look at the key ethical issues that lie ahead for professional accountants as the COVID-19 pandemic moves into the next phase. This informative, deep-dive article revisits many of the topics the working group cited previously as ethical challenges brought on by the pandemic and provides updated context and insights to help the professional accountant navigate a continually evolving economic and societal recovery.
The IESBA COVID-19 Working Group, chaired by Mr. Richard Fleck, former IESBA Deputy Chair, has been developing implementation support resources to assist accountants in effectively applying the International Code of Ethics for Professional Accountants (including International Independence Standards) when facing circumstances created by the COVID-19 pandemic. This publication also benefited from input from IESBA Staff.