Introduction
The Hong Kong Institute of Certified Public Accountants (HKICPA or the Institute) invites you to participate in the survey as part of the International Ethics Standards Board for Accountants' (IESBA) post-implementation review (PIR) of the provisions of the Code addressing Responding to Non-Compliance with Laws and Regulations (NOCLAR).The NOCLAR provisions in sections 260 and 360 of the Code of Ethics for Professional Accountants establish a response framework to guide professional accountants in how best to respond to actual or suspected NOCLAR committed by a client or employer, those working in a management or governance role within the client or employer, or others working for or under its direction, in the public interest.This survey seeks to obtain input from you to enable the IESBA to determine:
(a) Whether the NOCLAR provisions have achieved their intended purpose by identifying:
(i) Benefits from applying the provisions; and
(ii) Any practical challenges or questions regarding their implementation, including whether they are being consistently understood and applied; and
(b) What actions, if any, are needed by the IESBA to address identified matters, including (i) undertake further information-gathering; (ii) initiate standard-setting; or (iii) develop non-authoritative materials or other initiatives.
All responses are anonymous. The responses received will be analyzed for purposes of providing feedback to the IESBA and in developing recommendations for any actions.
The survey will open until 19 May.
Survey Instructions
Respondents to the survey are asked to provide their responses only on the questions applicable to the stakeholder group to which they belong:
- Part A ― Demographic Information (All Respondents)
- Part B ― Professional Accountants in Public Practice (PAPPs)
- Part C ― Professional Accountants in Business (PAIBs)
- Part D ― Other Users or Beneficiaries of the Code
You may click here for the IESBA Snapshot of this PIR.
We appreciate your time and contributions to these important matters. For any enquiries, please contact us at commentletters@hkicpa.org.hk.