NOCLAR (Non-Compliance with Laws and Regulations):
NOCLAR refers to acts of non-compliance with laws and regulations by a client or employer that may significantly affect the entity’s financial statements or its business in a material way. It includes activities such as fraud, corruption, bribery, and other illegal acts that a professional accountant may become aware of in the course of providing their services.

ICAN’s Position on NOCLAR:
ICAN adopted the NOCLAR guidelines in 2017 and included them in its Code of Ethics. The position emphasizes that professional accountants must act in the public interest and are required to respond to non-compliance or suspected non-compliance, ensuring it is appropriately addressed to protect the integrity of the profession.