View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 21, 2017

Brazilian lawyers and accountants meet ahead of NOCLAR implementation

By Vincent Huck

As Brazil prepares to adopt the IESBA’s framework of standards to respond to non-compliance with laws and regulations (NOCLAR), Brazilian lawyers, accountants and auditors met to discuss its implications.

NOCLAR is a framework designed by the IESBA to guide professional accountants in what actions to take in the public interest when they become aware of a potential illegal act committed by a client or employer.

Idésio Coelho, president of the Brazilian Institute of Independent Auditors (IBRACON), commented that IBRACON was working with the Federal Accounting Council  on the translation of the framework into Portuguese. He added that NOCLAR was of high technical quality as it has been developed for six years in consultation with a wide range of global stakeholders and will be implemented in a 100 countries at the same time.

“It is aligned with various international treaties on corruption,” Coelho said. “If applied correctly NOCLAR could be a giant step forward for society as a whole as well as valuating the accountancy profession by demonstrating its relevance to the community.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to International Accounting Bulletin