1. IESBA Meeting New York December 3-5, 2018
Strategy & Work Plan
Stavros Thomadakis, IESBA Chairman
Ken Siong, Senior Technical Director
IESBA Meeting
New York
December 3-5, 2018

2. Recap Journey Since SWP Consultation Paper
Consultation paper released April 2018
Aimed at fulfilling distinct but broad goals
Relevance and applicability in a world of changing technologies, business methods and public expectations
Strengthening both public interest objectives and trust in the profession as an integral whole
Broadly supported by wide range of stakeholders

3. Recap Journey Since SWP CP
Sept 2018 CAG Discussion
Broad support for direction proposed by PC
A number of general and topic-specific perspectives for further reflection, e.g.
How to ensure the Code reaches right audience?
How to measure success in 5 years’ time?
Risk-based approach to prioritizing action on topic of technology?
Engage in dialogue with appropriate policy-making bodies re topic of tax planning and related services?

4. Recap Journey Since SWP CP
Sept 2018 IESBA Discussion
Overall support from IESBA members for PC analysis and recommendations
A number of specific suggestions for further consideration, e.g.
Elaborate on relationship and avenues of collaboration with IFAC
Take a more systematic, risk-based approach to topic of technology
Important to coordinate with IAASB re review of definition of listed entity and PIE

5. Timing of Post-implementation Reviews (PIRs)
Key Matters Discussed by Planning Committee
Timing of Post-implementation Reviews (PIRs)
Bifurcate PIR for Long Association provisions
Jurisdictional provision: definitive position needed by end of 2021
Other LA provisions + mandatory firm rotation: together with PIR of restructured Code
PIR of restructured Code: launch Q2 2023
Need to allow sufficient time to bed down
NOCLAR PIR: toward end of SWP period, together with PIR of restructured Code

6. Strategy for PIR and Implementation Support
Key Matters Discussed by Planning Committee
Strategy for PIR and Implementation Support
Recognize important role IFAC can play, both
within its own strategy and in collaboration
with IESBA (and IAASB) re:
Post-implementation reviews
Provision of implementation support
Chairman and MD, Prof Standards, begun exploratory discussions with IFAC senior management
Signal intention for IESBA to articulate related strategy within 2019

7. Engagement with Academic Community
Key Matters Discussed by Planning Committee
Engagement with Academic Community
Re-energize engagement with academic community as a source of input to standard setting
Macro level: broader issues of behavior and compliance
Micro level: specific topics (as done with Fees project)
Strengthen relationship with international and regional academic groupings, e.g., IAAER, AAA
Leverage IFAC’s connections with academic community
Explore way forward with IESBA members and TAs with academic backgrounds

8. Matter for IESBA Consideration
Views on:
Key matters discussed by PC
Final revisions to SWP

9. The Ethics Board