Adoption of IPSAS: Why Ghana Should Take a Cautious Approach

INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG

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dc.contributor.author	INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG
dc.date.accessioned	2022-11-21T17:26:59Z
dc.date.available	2022-11-21T17:26:59Z
dc.date.issued	2018-10
dc.identifier.uri	http://41.66.247.10:8080/xmlui/handle/123456789/658
dc.description	Global Ethics Board Resets Expectations of Professional Accountants Regarding Inducements The International Ethics Standards Board for Accountants (IESBA) today released new enhancements to its global ethics code which address more fully the responsibilities of professional accountants around the offering and accepting of inducements. The revised standard sets out a comprehensive framework that more clearly delineates the boundaries of acceptable inducements, and guides the behavior and actions of professional accountants in business and in public practice in situations involving inducements. “Incentives motivate behavior, and some inducements can be a powerful incentive to unethical behavior,” said IESBA Chairman Dr. Stavros Thomadakis. “This revised standard complements our standard on NOCLAR to offer a full system of ethical defenses that relate both to malfeasance committed by others and to accountants’ own involvement in potentially unethical behaviours.” Central to this framework is a new intent test that prohibits the offering or accepting of inducements where there is actual or perceived intent to improperly influence the behavior of the recipient or of another individual. The framework also:	en_US
dc.description.abstract	Corruption has been a bane on the development of most countries particularly the sub-Saharan region. Recognizing the harmful effect of corruption, in 2012 the country developed a National AntiCorruption Action Program (NACAP) to help minimize the harmful effect of corruption. The NACAP enables collective action and sustained coordination of efforts, as well as the judicious application of resources of stakeholders to combat corruption, to assess the performance of stakeholders, especially government, in the fight against corruption, and mobilize national efforts to ensure the effective control of corruption through prevention, education, and investigation and enforcement. The writer mentions the need for professionals in the country to collaborate to win the fight against corruption and eradicate or minimize the effects of corruption on the developmental effort of the nation	en_US
dc.description.sponsorship	ICAG	en_US
dc.language.iso	en	en_US
dc.publisher	ICAG LIBRARY	en_US
dc.relation.ispartofseries	FM;
dc.subject	Adoption of IPSAS: Why Ghana Should Take a Cautious Approach ICAG LIBRARY NYARKO TWUM OSBORN ERNEST YAW DENKYIRA	en_US
dc.title	Adoption of IPSAS: Why Ghana Should Take a Cautious Approach	en_US
dc.title.alternative	THE PROFESSIONAL ACCOUNTANT	en_US
dc.type	Article	en_US