ABSTRACT
This chapter presents International Federation of Accountants (IFAC) to develop ethical training in the accountancy profession. It shows that this intervention can build upon work done by leaders of the profession Consultancy Committee of Accountancy Bodies. There are two main bodies that affect ethical training of accountants in the UK and Ireland. These are the IFAC International Ethics Standards Board for Accountants and the Consultative Committee of Accountancy Bodies (CCAB) Ethics Education Forum. IFAC has an International Accounting Standards Board and the CCAB has an Accounting Standards Board. Themes from "boundary theory" as applied to the accountancy profession as a system include its interdependent relationships, the regulation of transactions, and the problem of over bounded systems unable to adapt quickly and effectively to changes and reverse the build up of entropy, physical and psychological boundaries. Working with psychological boundaries can tell more about the "here and now" of the system.
