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In recent years, the accountancy profession has faced high-profile incidents linked to unethical behaviour in accounting firms. Recurring unethical behaviour in firms raises the broader issue of their culture and governance, and how these might impact ethical behaviour of professional accountants and their compliance with ethical standards.
With this in mind, the International Ethics Standards Board for Accountants (IESBA) determined that it should take a leadership role in addressing the topic of firm culture and governance (FCG), and established a working group (WG) in March 2024. The goal of the WG was to understand the impact of FCG on ethical behaviour within accounting firms, and the relevance of the IESBA Code in addressing these issues. As part of its information gathering, the WG commissioned an academic study and undertook extensive outreach throughout 2024 to engage with a broad range of global stakeholders to gather feedback on the issues surrounding FCG.
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