- 5 Marks
BMF – Mar July 2020 – L1 – SB – Q4b – The Role of Professional Accountants in Business and Society
Providing a brief description of NOCLAR and ICAN's position on the regulation.
Question
The International Ethics Standards Board for Accountants (IESBA) recommends some measures on Non-Compliance with Laws and Regulations (NOCLAR) to professional accountancy bodies for adoption.
Required:
Provide a brief description of NOCLAR and state the position of ICAN on this regulation.
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