[6] The 2018 version of the Code makes it clear that professional accountants, in whatever capacity they are engaged, cannot turn a blind eye to NOCLAR.
The provisions in the Code, including NOCLAR guide ethical behavior and help professional accountants uphold their responsibility to act in the public interest.
The definition covers the way a group of companies operate and present themselves, and is consistent with the Statutory Audit Directive.
IFAC supports and promotes the development, adoption, and implementation of high-quality international standards, including the Code.
IFAC periodically issues a Global Status Report on the adoption of international standards, including the IESBA Code.