- CA ANZ upholds and continuously works to strengthen the ethical standing of, and trust in, the accounting profession.
- The key pillars that underpin trust in our profession are our Code of Ethics, By-Laws and our professional standards.
- It’s now timely to review our systems and frameworks, to ensure they are robust and in line with best practice.
Chartered Accountants ANZ (CA ANZ) upholds and continuously works to strengthen the ethical standing of, and trust in, the accounting profession.
Integrity and trust are at the core of our work, and as part of that we need to make sure the frameworks that support these are effective and ready to meet contemporary challenges and expectations.
The key pillars that underpin trust in our profession are our Code of Ethics, By-Laws and our professional standards.
Like other member organisations with regulatory responsibilities, we periodically review and update our systems and frameworks, to ensure they are robust and in line with best practice.
It has been more than five years since we last conducted a major review of our professional conduct By-Laws and framework, and it is timely to revisit them.
To this end, today CA ANZ has confirmed a Professional Conduct Framework Review with member consultation, to include:
- Review of the By-Laws, including alignment with the NZICA Rules and the best practice provisions for professional member bodies with any identified amendments to be put to a member vote in October 2023.
- Review of committee and tribunal structures, including their composition and powers and how Code of Ethics breaches are communicated to Members and the public.
- Enhanced support for members relating to ethical disclosure obligations, with protocols, training or guidance about when and how to make a disclosure, and how these should be managed.
- A comprehensive review of the interaction of CA Program academic integrity rules with the By-Laws, considering specifically how allegations of academic misconduct are addressed.
The Review will consider and balance due process, natural justice, rights of individual members, profession and public interest, and the opportunity to further strengthen and uphold the reputation and value of the CA designation. There will be an independent review of the initial recommendations.
We anticipate the Review will be effectively completed by late 2023.
Any changes to the By-Laws must be approved by Members per the CA ANZ Supplemental Royal Charter and will require Governor-General assent before they become effective. However, there may be findings from the review which the CA ANZ Board could consider for earlier implementation.
Our focus is to ensure the standing of the CA designation continues to remain strong and the trust and integrity of the profession is upheld.
The terms of reference for the Review and details on submissions will be published in August.
We look forward to feedback and engagement from members who we are sure will take confidence from the scope and benefits of the review process.