The International Ethics Standards Board for Accountants is launching a project to determine whether they need to set ethical standards for firms with alternative practice structures — including those that take private equity money.
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The project will gather and analyze information to determine whether or not a formal standard setting project is needed to address the ethical considerations. An update is expected to be presented to the IESBA at its June 2026.
Courtesy of IAASB and IESBA
During its March 2026 meeting, the board agreed on the following actions:
- Developing non-authoritative guidance on technology and artificial intelligence;
- Concentrating on the global implementation of the IESBA's sustainability standards ahead of their effective date this December; and,
- Issuing stakeholder services in early April for the post-implementation review of the NOCLAR provisions and the Restructured Code.
The IESBA is an independent global standard-setting board, and is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees the activities of both boards.
