CHAPTER 3

Ethics for International Auditors

Introduction

It is vital that auditors in the United States understand the minimum set of ethical rules required by The International Federation of Accountants (IFAC) and the differences between these ethical standards set forth by the International Ethics Standards Board of Accounting (IESBA) component of the IFAC—standards that set the minimum standards that member organizations are permitted to formulate and enforce upon their own members—and the ethical standards enforced on public company auditors in the United States by the Public Company Accounting Oversight Board (PCAOB). Auditors must always comply with the ethical standards of their licensing body (e.g., a state board of accountancy in the ...

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