DUBAI: All accounting and auditing professionals in the UAE will have to maintain the highest level of compliance as per the new Code of Ethics announced by the International Ethics Standards Board of Accountants that is going to be implemented in the UAE by December 31, 2023, senior officials and accounting experts said at a conference organised by the Dubai Chapter of the Institute of Chartered Accountants of India.
International Ethics Standards Board of Accountants (IESBA), a global authority on ethics and best practices, keeps updating the international Code of Ethics for accounting and auditing professionals.
Abu Dhabi Accountability Authority has recently announced that it has approved the IESBA Code of Ethics.
“In accordance with the guidelines published by the IESBA, the Abu Dhabi Accountability Authority has recently announced the approval of a Code of Ethics that comes into effect on December 31 this year,” CA Harikishan Rankawat, Chairman of ICAI Dubai Chapter, told delegates at the conference attended by more than 400 accounting and auditing professionals.
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