IESBA: International Ethics Standards Board for Accountants
NOCLAR: Non-compliance with laws and regulations
The 2016 IESBA Handbook contains the entire Code of Ethics for Professional Accountants (the Code). This edition contains new Sections 225 and 360 addressing professional accountants’ responsibilities when they become aware of non-compliance or suspected non-compliance with laws and regulations (NOCLAR) committed by a client or employer. Consequential and conforming changes have been made to Sections 100, 140, 150, 210, and 270 of the Code. These changes will be effective July 15, 2017.