Restructured Code – Rollout Kim Gibson, Working Group Chair IESBA Meeting, Athens Greece June 18-20, 2018

Objective To provide an update on restructured Code rollout

WG Objective and Rollout Strategy To promote awareness, adoption and effective implementation of revised and restructured Code Strategy aimed at global stakeholder engagement Rollout tag line: Prepare, Engage, Activate One stop webpage for resources and tools General and targeted outreach: in-person, webinars, webcasts etc. Social media, e.g., Twitter, Linked-in, Youtube Articles and other publications

Call to Action IESBA WG and Staff cannot do this alone Critical for IESBA and TAs to get involved CAG, NSS, regulators and audit oversight bodies, IFAC member bodies, firms, educators and others also have a role Areas of focus Engage target audiences and identify new ones Mobilize and leverage IESBA/IFAC networks and digital assets Deliver consistent messages Smart, efficient use of existing IESBA and IFAC infrastructure

Consistent Messaging Resources and Tools Available More to Come New Code Approved inducements text Press Release One-page flyer PowerPoint Slides Basis for Conclusions Webinars More to Come Visit: www.ethicsboard.org/restructured-code Videos Articles At-a-Glance Fact Sheet Staff Q&As Notes to Kim: Approved inducement texts is subject to PIOB approval, but available at IESBA webpage to assist in translation and implementation Access to a word version and also copying and reproducing Code is granted by contacting permissions@ifac.org.  

Print and Online Media Coverage

Outreach by IESBA Members and Others NASBA Member, Cathy Allen on youtube.com IESBA Member, Caroline Lee presents in Thailand Kim to note that the restructured Code is discussed as part of most of the outreach events listed in Agenda Item 1-A

Key Messages From NSS Alignment needed between restructured Code and IAASB’s standards (not a straightforward exercise) Challenges with accessing restructured Code and other tools and resources on IESBA website because of need for pre- registration and login Calls for “train the trainer programs” in local jurisdictions Calls for practice aids and illustrations to help SMPs Code has potential broader marketplace appeal Note to Kim – Flag Agenda Item 10A with a status of NSS plans to adopt revised and restructured Code. This information was compiled using information from participants in the IESBA-NSS Liaison Group for its May 2018 meeting

Upcoming Outreach July/ August November Australia/New Zealand Tokyo outreach Seminar to HKICPA members Seminar for Malaysian Institute of Accountants Presentation to ASEAN Audit Regulators Group Indonesia outreach November Australia/New Zealand Kim to mention AIPCA/ SEC conference

Looking ahead 2018 Handbook Revamped E-Code Release anticipated by September 2018 Revamped E-Code Phase 1anticipated by June 2019

Matters for IESBA Consideration IESBA members asked to share views about: Planned and ongoing efforts aimed at promoting awareness of Code Whether there are specific messages, resources and tools that might be needed for certain jurisdictions or constituents Any known challenges or concerns that might affect adoption or effective implementation of restructured Code and suggestions about how to overcome them

The Ethics Board www.ethicsboard.org