Tuesday 14 July 2020

NEWS

SPEECHES

December, 2019

Address at PWC Spain Annual meeting

November, 2017

Speech by PIOB Chairman at the IFAC Council Meeting

February, 2016

The Arab Federation of Accountants And Auditors (AFAA) organizes conference on Accounting and Auditing profession in the Arab world: Present and Future

 

Address at PWC Spain Annual meeting

Date: December, 2019

 

Document: PWC 31.01 GRamos - Final.pdf

Speech by PIOB Chairman at the IFAC Council Meeting

Date: November, 2017

 

Document: Presentation IFAC Council 15-16 Nov 2017 EW.pdf

Document: IFAC Council speech Nov 16.pdf

The Arab Federation of Accountants And Auditors (AFAA) organizes conference on Accounting and Auditing profession in the Arab world: Present and Future

Date: February, 2016

Gonzalo Ramos, PIOB Secretary General, attended the Accounting and Auditing profession in the Arab world: Present and Future conference in Egypt on February 19, 2016. The event was organized by the Arab Federation Of Accountants And Auditors (AFAA.

Document: AFAA Presentation.pdf

 

NEWS

July, 2020

New contributors to the PIOB Budget

April, 2020

PIOB appoints Linda de Beer as new PIOB Chair and welcomes Robert Buchanan as new PIOB Member.

October, 2019

PIOB publishes Public Interest issues lists on SSB projects (Update October)

July, 2019

PIOB publishes Public Interest issues lists on SSB projects

July, 2019

The PIOB is Hiring - Oversight Advisor

May, 2019

PIOB hosts MACAM conference together with IOSCO

September, 2018

PIOB Organizes Workshop on Enhanced Reporting

February, 2018

PIOB submits comment letter to the Monitoring Group Consultation

November, 2017

The MG issues Consultation Paper

 

New contributors to the PIOB Budget

Date: July, 2020

The International Forum of Independent Audit Regulators (IFIAR) conveyed in May 2020 its decision to contribute JPY 6,150,000 to the PIOB budget in 2020 and 2021. In the same way, in July 2020, the Federal Audit Oversight Authority of Switzerland (FAOA), member of IFIAR, confirmed a contribution of 10,000 euros for 2020. The PIOB appreciates this strong signal of support from both stakeholders, which will contribute significantly to a more stable and diversified funding base, allowing the PIOB to continue its mandate in the fields of audit and assurance and ethics.

PIOB appoints Linda de Beer as new PIOB Chair and welcomes Robert Buchanan as new PIOB Member.

Date: April, 2020

Madrid, March 31, 2020 – Public Interest Oversight Board appoints Linda de Beer as new PIOB Chair and welcomes Robert Buchanan as new PIOB Member.

The Public Interest Oversight Board (PIOB) is pleased to announce that on March 31, 2020, Linda de Beer was appointed Chair of the PIOB. Ms. de Beer is a chartered accountant (SA), holds a master’s degree in taxation and is a professor in practice at the University of Johannesburg. She is a chartered director (SA), and serves as an independent non-executive director on a number of South African listed company boards. In addition, she has a long professional history of being involved in the setting, monitoring and oversight of reporting standards, corporate governance principles and related regulation.

Ms. de Beer was Chair of the International Auditing and Assurance Standards Board’s Consultative Advisory Group (CAG) from 2010 – 2015. During her tenure, she also served on the CAG of the International Ethics Standards Board for Accountants. Currently, she is focused on her existing corporate board appointments.

”I am honoured and delighted to be appointed to this position. The PIOB has and will continue to play a critical role in ensuring that the public interest is served in the setting of standards for auditors. Now, more than ever will the integrity of corporate reporting, and hence the credibility given to that by the statutory audit, be tested. Those are two important cornerstones to be protected and enhanced as we unite in serving the public interest and in rebuilding our economies, when we move forward out of this unprecedented pandemic. The enormous contribution and leadership of Eddy is a tough act to follow. We all owe him great gratitude for the work that he has done with passion and commitment. I would also like to thank IOSCO and the Monitoring Group for the confidence and trust in me, and for all the PIOB members and staff for their warm welcome.”

Ms. de Beer has been nominated by IOSCO and replaces Mr. Eddy Wymeersch who has chaired the PIOB since 2011.

During his tenure, Mr. Wymeersch led the PIOB through two Strategy consultations in 2012 and 2017, participated actively in the MG Governance Review in 2012, and was an important player in the drafting of the Standard setting in the Public Interest – A Description of the Model in 2016. Over the last two years, since the launch of the MG reform process to Strengthen the Governance and Oversight of the International Audit-Related Standard setting in the Public Interest, Mr. Wymeersch has been in close contact with the MG and the PIOB highlighting the need for independent PI oversight.

The PIOB welcomes Ms. de Beer and thanks Mr. Wymeersch for his nine years of dedication, and for his contribution to global public interest oversight.

Mr. Robert Buchanan also joined the PIOB on March 31, 2020, as PIOB member replacing Maria Helena Pettersson. Mr. Buchanan is a New Zealand-based lawyer and consultant with a background in public sector legal practice, public and not-for-profit sector governance roles, and nearly a decade of involvement in audit standard-setting. He also has experience as an independent adviser and reviewer with a particular focus on public sector governance, regulation, ethics, and accountability. His international consulting work draws on his public law and governance experience gained since the 1980s.

Until 2019, he ran his own legal practice in Wellington, Robert Buchanan Public Law and Governance, which he discontinued in order to focus on governance and consulting work and his role as Chair of the New Zealand Auditing and Assurance Standards Board, in which he has been a strong proponent of the Public Interest in both domestic and international standard setting.

The PIOB bid farewell to Maria Helena Pettersson who served two terms as PIOB member and welcomed Mr. Buchanan. Mrs. Pettersson has been a valuable PIOB observer and a strong advocate for new technologies in relation to the Public Interest. Through her collaboration with the Rutgers Accounting Research Center/Continuous Auditing & Reporting Lab, she helped launch a joint project with Car Lab and IFAC focused on identifying the dimensions of the concept of the public interest through data mining. She was also part of the PIOB Audit Committee since 2017.

 

About the PIOB

The PIOB is the global independent oversight body that seeks to improve the quality and public interest focus of the international audit and assurance, and ethics standards formulated by the Standard Setting Boards supported by the International Federation of Accountants.

The PIOB board is currently composed of nine distinguished individuals, originating from nine countries on five continents, and representing a broad spectrum of professional and regulatory backgrounds. Each board member was nominated by a member organization of the Monitoring Group. (Full composition of the Board.)

 

PIOB publishes Public Interest issues lists on SSB projects (Update October)

Date: October, 2019

 

Document: IAASB projects_oct19.pdf

Document: IESBA projects_oct19.pdf

PIOB publishes Public Interest issues lists on SSB projects

Date: July, 2019

 

Document: IESBA projects_july19.pdf

Document: IAASB projects_july19.pdf

The PIOB is Hiring - Oversight Advisor

Date: July, 2019

Oversight Advisor – Job Description
Date: July 2019
Position Summary

The Oversight Advisor will carry out the core oversight work of the PIOB, comprising monitoring and continuous assessment of the processes of development of standards of the Standard Setting Boards (SSBs) and/or committees. In this role, the incumbent will be responsible for supporting the Oversight Director in day-to-day monitoring of SSB activities, identifying issues of public interest arising from both the activities of these groups and external developments that would be expected to have an impact on such activities, and developing appropriate briefings and recommendations to support the ongoing work of the Board.

This selection process is being managed by Page Executive. Qualified candidates, kindly submit your cv to Jaimecristobalena@pageexecutive.com

Document: Oversight Advisor Job Description July 2019.pdf

PIOB hosts MACAM conference together with IOSCO

Date: May, 2019

The PIOB hosted a conference together with IOSCO for the students of the Inter-University Master´s Degree in Accounting, Auditing and Financial Markets (MACAM) at its headquarters in Madrid. This has been the 8th edition of the conference.

Victor Alió, Chairman of the Instituto de Censores Jurados de Cuentas(ICJCE), the Professional Accounting Body in Spain, opened the session and was followed by Tajinder Singh, Secretary General of IOSCO and Gonzalo Ramos, Secretary General of the PIOB. Amongst the 45 attendees there were students of the Master´s Degree and members of the ICJCE.

Document: IOSCO ppt MACAM conference 31 May 2019.pdf

Document: PIOB ppt MACAM 31 May 2019.pdf

Document: MACAM Program 31 May 2019.pdf

PIOB Organizes Workshop on Enhanced Reporting

Date: September, 2018

The PIOB organized a half-day workshop on September 26th in Madrid to explore how best to improve assurance on enhanced reporting, and the possible role of standard setters in facilitating this. Professor Mervin E. King delivered the Keynote speech and was followed by two panels. The First Panel explored the different Enhanced Reporting Initiatives and was moderated by Jane Diplock (PIOB member). The panel was comprised of Helen Slinger (Director, Accounting for Sustainability), Laura Girella (Coordinator, International Integrated Reporting Council) and Eric Hespenheide (Chairman, Global Reporting Initiative). The Second Panel provided a platform for Investors, Profession and Standard setting Boards to share perspectives. The panel was moderated by Karen Stothers (PIOB member) and was comprised of José Luis Blasco (Global Head for KPMG Sustainability Services), Marek Grabowski (Member and Chairman of the Emerging External Reporting Task Force, International Auditing and Assurance Standards Board (IAASB), Liz Murrall (Director of Stewardship & Reporting, The Investment Association) and Stavros Thomadakis (Chairman, International Ethics Standards Board for Accountants). Participants included IFAC representatives, the Chairmen of the IAASB, IESBA, IESBA CAG, IAESB and the IAESB CAG, representatives from the Big Four, Regulators, members of the academic community and the PIOB in full. All 45 participants contributed to have active debates at the end of each session. Front row from left to right: Aileen Pierce (PIOB Member), Prof. Mervyn. E. King, Eddy Wymeersch (PIOB Chairman), Jane Diplock (PIOB Member) and Laura Girella (Coordinator, IR Leading Practice and Research Programmes, International Integrated Reporting). Second row from left to right: Helen Slinger (Director Accounting for Sustainability), Liz Murrall (Director of Stewardship & Reporting, The Investment Association), Karel Van Hulle (PIOB Member), Shigeo Kashiwagi (PIOB Member), Marek Grabowski (Member and Chairman of the Emerging External Reporting Task Force, IAASB), Stavros Thomadakis (IESBA Chairman) and Karen Stothes (PIOB Member). Third row from left to right: Eric Hespenheide (Chairman Global Reporting Initiative), Maria Helena Pettersson (PIOB Member), José Luis Blasco (Global Head for KPMG Sustainability Services) and Gonzalo Ramos (PIOB Secretary General).  

Document: Program Workshop2018.pdf

PIOB submits comment letter to the Monitoring Group Consultation

Date: February, 2018

The PIOB submits its comment letter to the Monitoring Group Consultation Paper on Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest.
The PIOB formulates its opinion based on its experience in overseeing standard setting, after a careful analysis of the consequences that the proposed changes may bring.
The PIOB continues to support a constructive dialogue with the MG and other stakeholders, with the aim to build a standard setting system which is more respondent to the public interest.

Document: 02.02.18-PIOB-response-to-MG-consultation.pdf

The MG issues Consultation Paper

Date: November, 2017

Press release: Call for Comments on reforms to the global audit standard-setting process

https://www.iosco.org/news/pdf/IOSCONEWS480.pdf

Consultation Paper: Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest

https://www.iosco.org/library/pubdocs/pdf/IOSCOPD586.pdf