About PIOB
Timeline of PIOB history
The PIOB establishes the inaugural SAC
Implementation of the MG Recommendations
The PIOB continues to implement the MG Recommendations through the establishment of IFEA, implementation of the Public Interest Framework and the search for membership of the new Stakeholder Advisory Council.
First Nominations cycle completed
The PIOB successfully completes its first nominations cycle in transitioning the SSBs to greater multi-stakeholder membership. The Standard-Setting Boards’ Nominations Committee (SSB NomCo) was established for this purpose in November 2021.
MG Reports on the progress of the reform
The MG recommendations established a nine-month transition plan and implementation of the reform within three years thereafter
15th Anniversary: Celebrating our mission like it's day one
The most important day of all, when we celebrate all the road travelled so far and focus on the future steps to keep working in the Public Interest. Thank you for getting here with us
The MG publishes its recommendations for Strengthening the International Audit and Ethics Standard-setting system.
Public Interest recommendations published on the PIOB website for the first time
As a result of all our improvement efforts, the Public Interest Issues identified by the PIOB are made public and they become a fundamental tangible value for the transparency of the accountancy profession
PIOB submits comment letter to the MG Consultation
The PIOB shares its input on possible improvements of the standard setting system
MG consultation paper for strengthening the governance and oversight of the international audit-related standard-setting boards in the public interest
Especially important to enhance the independence of the standard-setting system and the Public Interest focus of the PIOB
2017- 2019 Strategy Consultation
Seeking to improve the delivery of our mandate, a second consultation on our strategy is launched
PIOB´s Tenth Anniversary. Publishing of Standard setting in the Public Interest: a description of the model
A year of celebration, during which the publication of the standard setting model description added transparency and value to the organization and the whole standard-setting structure
Public Consultation on PIOB’s work program 2012 and beyond
Recommendations are issued based on the comments received to our Strategy consultation to improve the public utility of our work
New Oversight Methodology
Best practices, more transparency, high quality standards... experience teaches us how to do it better every day
The implementation of the IFAC Reforms is reviewed by the MG
Review of the IFAC Reform and the PIOB carries out its self-assessment exercise
Completion of the IAASB’s Clarity Project
The PIOB oversees and approves the review of 33 clarified International Standards on Auditing (ISA)s together with clarified International Standards on Quality Control 1 (ISQC 1)
Signing of the Monitoring Group Charter Agreement
This crucial document for the PIOB mission is signed
First website and Annual Report
Our work begins to be formally visible also on the Internet
Secretariat is set up in Madrid
Having official headquarters is a big step forward for the global relevance of the institution
PIOB is born
The public interest becomes the main focus for accountants worldwide through the IFAC Reform 2003
PIOB Budget Diversification
In 2023, the PIOB received monetary contributions that amounted 2,103,893 euros. Non-monetary contributions received in 2023 include an In-kind contribution from the Spanish Government that amounted to 192,659 euros. The contributions received in 2023 are detailed as follows:
Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. The European Union cannot be held responsible for them.
Governance
Legally, the PIOB is a Technical Committee of the PIOB Foundation. The PIOB Foundation is the independent legal entity housing the PIOB. It is accountable to the Spanish foundations regulatory body.
All PIOB members belong to the Technical Committee of this foundation, which is the body entrusted to carry out the oversight activities of the foundation´s mandate. The Chair and the Secretary General of the PIOB are also the Chair and Secretary General of the foundation, governed by a set of By Laws.
The PIOB Foundation, governed by a board of trustees, discharges its Public Interest mandate, employs PIOB staff, owns its assets, and is accountable for the funds and means that support the PIOB’s activities.
Public report & Financial Statements
