Ethical leadership in the age of complexity and digital change

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TORONTO, April 27, 2022 /CNW/ – In these times of rapid change, organizations and individuals need skilled and trusted professionals to rely on, and the accounting profession is transforming to continue to meet that need. This transformation requires a shift in mindset, according to a new ethics and profession document developed by the Chartered Professional Accountants of Canada (CPA Canada), the Institute of Chartered Accountants of Scotland (ICAS), the International Ethics Standards Board for Accountants (IESBA) and the International Federation of Accountants (IFAC).

In today’s world more than ever, mindset matters. Ethical leadership is at the heart of the profession’s ability to engender trust and create value and at the heart of ethical leadership is the appropriate application of professional competence, skills, values, ethics and attitudes.

The publication Mindset and enabling skills of professional accountants – a paradigm shift in skills highlights the need for the profession to fundamentally change its focus to stay relevant and thrive as the world changes. He stresses that the evolution of the profession will be based on the acquisition by professional accountants of a broad technological culture, while perfecting their professional and human skills which distinguish them from the machines with which they will work in collaboration, rather than putting only emphasis on the main traditional technical areas of accounting. job.

Mindset and enabling skills of professional accountants – a paradigm shift in skills completes a four-part series on thought leadership stemming from a collaborative exploratory paper and a global roundtable titled Ethical Leadership in an Age of Complexity and Digital Change, which CPA Canada, ICAS and IFAC have organized jointly in early 2021. It follows three previous publications – Complexity and the Professional Accountant: Practical Advice for Ethical Decision-Making, Technology is a Double-edged Sword: Opportunities and Challenges for the Accounting Profession and Identify and mitigate bias, misinformation and misinformation.

Chartered Professional Accountants of Canada (CPA Canada) works collaboratively with provincial, territorial and Bermudian CPA bodies as it represents the Canadian accounting profession, both nationally and internationally. This collaboration enables the Canadian profession to champion best practices that benefit business and society, as well as prepare its members for an ever-changing operating environment characterized by unprecedented change. Representing more than 220,000 members, CPA Canada is one of the largest national accounting bodies in the world. cpacanada.ca

Institute of Chartered Accountants of Scotland (ICAS) is the global professional body for Chartered Accountants. We educate, examine and lead, enabling excellence while always working for the greater public good. ICAS’s 23,000 members have all earned our world-class CA designation of Chartered Accountant, the qualification that has shaped an international business community spanning industries and continents, full of local heroes and business leaders. And we continually foster connections among our members, so that CAs at all stages of their careers can learn from the shared experience and link their ambitions to success. For more information, visit – icas.com.

The International Ethics Standards Board for Accountants (IESBA) is an independent global standards body. The mission of the IESBA is to serve the public interest by establishing ethical standards, including auditor independence requirements, which aim to raise the bar of ethical conduct and practice for all professional accountants. through a robust and globally applicable international code of ethics for professional accountants (including Independence Standards) (the Code).

The International Federation of Accountants (IFAC) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Comprised of 180 members and associates in more than 130 countries and jurisdictions, IFAC represents more than 3 million accountants in practice, education, government, industry and commerce.

For four decades, IFAC has represented the global profession and supported the development, adoption and implementation of international standards that underpin the contributions of today’s global accountancy profession. IFAC has maintained a long-term approach to building and strengthening a global accountancy profession that supports transparent, accountable, and sustainable organizations, financial markets, and economies.

SOURCECPA Canada

For further information: Perry Jensen, Media Relations Manager, Chartered Professional Accountants of Canada, Tel. : 416-204-3941, Email: [email protected]

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