Jean-Paul Servais, chairman of the FSMA and IOSCO and chair of the OECD Corporate Governance Committee, gave a keynote speech at the conference of the International Ethics Standards Board for Accountants (IESBA) in Lisbon.
Before more than 1000 participants and alongside esteemed speakers like Commissioner for Financial Services and the Savings and Investments Union Maria-Luís Albuquerque and the Portuguese Minister of State and Finance Joaquim Miranda Sarmento he stressed that the value of an audit - and the auditors who perform them - fundamentally depends on their credibility and trustworthiness.
‘Ethical conduct is not merely a professional obligation but a critical responsibility that serves the broader public interest by fostering confidence and transparency within the financial system. Auditors play an essential and trusted role in maintaining the integrity of capital markets and protecting investors. Upholding high ethical standards is vital to fostering confidence and transparency within the financial system’, said Jean-Paul Servais.
