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The Chartered Professional Accountants of Canada (CPA Canada), the Institute of Chartered Accountants of Scotland (ICAS), the International Ethics Standards Board for Accountants (IESBA), and the International Federation of Accountants (IFAC) have released Identifying and mitigating bias and mis- and disinformation, the third publication in a four-part thought-leadership series examining the impact of rapid technological change on ethical leadership and the accountancy profession. The latest installment examines the high-stakes impact that bias and mis- and disinformation have on trust and objective decision-making.
“Professional accountants are trusted as a source of reliable and objective information, but they are not immune to the dangers of bias, mis- and disinformation that challenge objectivity and make it difficult to assess information and make competent decisions,” said lead authors Brian and Laura Friedrich. “They need to be diligent in applying professional skepticism and an inquiring mind to ensure they help combat these issues, in line with their public interest responsibilities.”
Identifying and mitigating bias and mis- and disinformation considers a layered approach to meeting relevant professional obligations and revisits some of the themes from prior papers. Guidance is provided as to practical implications for both the professional accountancy organizations and individual Professional Accountants.
Identifying and mitigating bias and mis- and disinformation follows Technology is a double-edged sword with both opportunities and challenges for the accountancy profession and Complexity and the professional accountant: Practical guidance for ethical decision-making, the first two publications in the series, and builds off a collaborative exploratory paper and global roundtable event called Ethical Leadership in an Era of Complexity and Digital Change, which CPA Canada, ICAS and IFAC jointly hosted in 2021. The fourth publication in the series will focus on mindset and enabling skills.
The publication is available on the IFAC Knowledge Gateway and the IESBA’s webpage Technology: Ethics & Independence Considerations.
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Tags: Accounting
