Tuesday 14 July 2020

PUBLICATIONS & REPORTS

PUBLIC REPORTS

PIOB 15th PUBLIC REPORT

May, 2020

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PREVIOUS PUBLIC REPORTS

July, 2019

PIOB 14th PUBLIC REPORT

July, 2018

PIOB 13th PUBLIC REPORT

July, 2017

Twelfth Public Report

June, 2016

Eleventh Public Report

October, 2015

Tenth Anniversary Commemorative Publication

May, 2015

Tenth Public Report

June, 2014

Ninth Public Report

May, 2013

Eighth Public Report

May, 2012

Seventh Public Report

May, 2011

Sixth Public Report

May, 2010

Fifth Public Report

May, 2009

Fourth Public Report

May, 2008

Third Public Report

May, 2007

Second Public Report

May, 2006

First Public Report

UPDATES

PIOB UPDATE - July 2020

July, 2020

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PREVIOUS UPDATES

April, 2020

PIOB UPDATE - April 2020

December, 2019

PIOB UPDATE - December 2019

October, 2019

PIOB UPDATE - October 2019

July, 2019

PIOB UPDATE - July 2019

April, 2019

PIOB UPDATE - April 2019

December, 2018

PIOB UPDATE - December 2018

October, 2018

PIOB UPDATE - October 2018

July, 2018

PIOB UPDATE - July 2018

April, 2018

PIOB UPDATE - April 2018

January, 2018

PIOB UPDATE - January 2018

October, 2017

PIOB UPDATE - October 2017

July, 2017

PIOB UPDATE - July 2017

March, 2017

PIOB UPDATE - March 2017

December, 2016

PIOB UPDATE - December 2016

October, 2016

PIOB UPDATE - October 2016

July, 2016

PIOB UPDATE - July 2016

April, 2016

PIOB UPDATE - April 2016

January, 2016

PIOB UPDATE - January 2016

October, 2015

PIOB UPDATE - October 2015

July, 2015

PIOB UPDATE - July 2015

April, 2015

Piob Update - April 2015

December, 2014

PIOB UPDATE - December 2014

September, 2014

PIOB UPDATE September 2014

July, 2014

PIOB UPDATE - July 2014

March, 2014

PIOB UPDATE - March 2014

November, 2013

PIOB UPDATE - November 2013

September, 2013

PIOB UPDATE - September 2013

July, 2013

PIOB UPDATE - July 2013

February, 2013

PIOB UPDATE - March 2013

November, 2012

PIOB UPDATE - November 2012

September, 2012

PIOB UPDATE - September 2012

December, 2011

Twenty Ninth Meeting of the PIOB

September, 2011

Twenty Eighth Meeting of the PIOB

June, 2011

Twenty Seventh Meeting of the PIOB

February, 2011

Twenty Sixth Meeting of the PIOB

November, 2010

Twenty Fifth Meeting of the PIOB

October, 2010

Twenty Fourth Meeting of the PIOB

June, 2010

Twenty Third Meeting of the PIOB

March, 2010

Twenty Second Meeting of the PIOB

OTHER PUBLICATIONS

STANDARD SETTING IN THE PUBLIC INTEREST: A DESCRIPTION OF THE MODEL

In order to provide greater clarity to the public and to broaden the general understanding of the governance functions supporting audit related standard setting, the PIOB has issued a summary document entitled Standard Setting in the Public Interest: A Description of the Model, following consultations with the Monitoring Group (MG), the International Federation of Accountants (IFAC) and the Standard Setting Boards.

This document reflects the current state of the Standard Setting model in the field of audit, assurance, ethics and education for accountants. It sets forth the aims and features of the governance arrangements, with links to governing or other documents that provide further details as appropriate.

The document has been produced at the request of the Monitoring Group as recommended in the 2013 Monitoring Group Statement on Governance.

Sept, 2015

SS-Model-Description-doc-Sept-15.pdf

FINANCIAL STATEMENTS

2019 PIOB Foundation Financial Statements

April, 2020

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PREVIOUS FINANCIAL STATEMENTS

May, 2019

2018 PIOB FOUNDATION FINANCIAL STATEMENTS

June, 2018

2017 PIOB FOUNDATION FINANCIAL STATEMENTS

June, 2017

2016 PIOB Foundation Financial Statements

June, 2016

2015 PIOB Foundation Financial Statements

May, 2015

2014 PIOB Foundation Financial Statements

June, 2014

2013 PIOB Foundation Financial Statements

May, 2013

2012 PIOB Foundation Financial Statements

May, 2012

2011 PIOB Foundation Financial Statements

May, 2011

2010 PIOB Foundation Financial Statements

May, 2010

2009 PIOB Foundation Financial Statements

May, 2009

2008 PIOB Foundation Financial Statements

May, 2008

2007 PIOB Foundation Financial Statements

May, 2007

2006 PIOB Foundation Financial Statements

PUBLIC CONSULTATIONS

2016 CONSULTATION - 2017-2019 STRATEGY

PRESS RELEASE

CONSULTATION PAPERS

2017-2018

PIOB STRATEGY

RESPONSES

 

Date: August, 2016

The Public Interest Oversight Board (PIOB) has approved its 2017-2019 Strategy for public consultation. Responses are requested by November 26th, 2016, and should be submitted electronically to Piob-strategy@ipiob.org.

2017-2019 PIOB Strategy

The PIOB consults with the aim to improve the delivery of its mandate and to strengthen the public interest responsiveness of the audit, ethics and education standards. The consultation includes considerations on the current standard setting system and the PIOB´s vision of the system´s longer term evolution.

The objective of the consultation is to seek input from stakeholders to shape the PIOB's strategy for the next three-year period.

The Monitoring Group (MG) supports the merits of periodic strategy reviews of the PIOB.

All comment letters will be published on the PIOB website unless the respondents expressly request confidentiality.

The PIOB may modify the preliminary conclusions or add practical implementation ideas to them in light of the comments received. The PIOB expects to draw final conclusions by January 2017.

 

Quote from Eddy Wymeersch, PIOB chairman:

"The PIOB oversees the standard setting activities of the International Federation of Accountants (IFAC) to ensure that they respond to the public interest. The public interest responsiveness of the standards is a shared objective with IFAC, with the Standard Setting Boards and with the Monitoring Group. This consultation opens a public debate on how this objective can continue to be best pursued. The contribution of the audit profession to financial stability can be enhanced if standard setting can respond to increased stakeholder participation and to increased independence of the standard setting boards".

 

Audit Networks (5 letters)

Deloitte

Grant Thornton

KPMG IFRG

PwC Network

Ernst and Young

Investor Associations (3 letters)

Eumedion

Dutch Inverstors Association (VEB)

The Investment Association

Regulators (and National Standard Setters) (6 letters)

External Reporting Board (XRB)

Canadian Auditing and Assurance Standards Board

UK Financial Reporting Council

Capital Markets Authorty - Saudi Arabia

Financial Reporting Council-Australian Government

IRBA

Standard Setting Boards and CAGs (4 letters)

IAASB Chairman

IAESB CAG

IESBA Chairman

Marc Pickeur

Individual submissions (1 letter)

Denise Silva

Professional Accountancy Organizations (12 letters)

Fédération des Éxperts Comptables Européens (FEE)

Institut Der Wirtschaftsprüfer (IDW)

Institute of Chartered Accountants England and Wales (ICAEW)

The Japanese Institute of Certified Public Accountants (JICPA)

ACCA

CPA Canada

CSOEC_CNCC

IFAc

The Institute of Chartered Accountants of Scotland (ICAS)

WPK

Hong Kong Institute of Certified Public Accountants (HKICPA)

American Institure of CPAs (AICPA)

Others (1 letter)

Confederation of Danish Industry

2012 CONSULTATION - PIOB WORK PROGRAMME 2012 AND BEYOND

PRESS RELEASE

CONSULTATION PAPERS

PIOB

RECOMMENDATIONS

RESPONSES

 

Date: May, 2012.

The Monitoring Group (MG) and the Public Interest Oversight Board (PIOB) have approved the following public consultation papers, respectively, for simultaneous publication in March 28, 2012:

Responses are requested by June 28, 2012, and should be submitted electronically to Piob-MonitoringGroup@ipiob.org

The MG and the PIOB will make the responses to their respective consultation papers publicly available unless the respondent expressly requests confidentiality.

In the first of the two public consultation papers, the MG has decided to consult publicly on the advisability of further reforms, building on and completing the effectiveness review that began in 2010 through a comprehensive governance review of the entire architecture currently in place.

In the second consultation paper, the PIOB consults on the review of its mission and medium and long-term strategy and explains the new oversight methodology developed and applied after the recommendations of the MG 2010 Review.

The purpose of the Consultation Papers is to seek separate input from any party interested regarding the (i) MG’s preliminary proposals resulting from its assessment of the current governance structure, and (ii) the PIOB’s work program for 2012 and beyond.

The Monitoring Group and the Public Interest Oversight Board may modify their preliminary conclusions or add practical implementation ideas to them in light of the comments received. The MG and the PIOB expect to draw their final conclusions by the end 2012.

Fernando Restoy (Monitoring Group Chairman) said:

“Essentially, we have to make sure that the governance structure contributes to a clear public perception that the standard setting work is sufficiently sound and compatible with the public interest. We see now an opportunity to ask market participants and other stakeholders if they envisage some concrete measures that could improve the independence, transparency and accountability to the public interest of the standard-setting activities. This exercise will lead to a more visible and legitimate organisation and to enhance confidence by market participants and public institutions, which seems to be a pre-requisite for a more global adoption of the international standards of audit, ethics and education.”

Eddy Wyneersch (PIOB Chairman) said:

“Financial markets in 2012 are different from what they were before the 2008 global financial crisis. Auditors must be discriminating and skeptical, and standards must enable sound professional judgments and transparent opinions, promoting and demanding consistent application. With seven years of experience since its formation the PIOB thinks it is now appropriate to explain how its oversight methods have evolved, and to consult on its mandate, its focus on the protection of the Public Interest through its approach to oversight, and its medium term strategic objectives. The ultimate objective of this process is to increase audit quality and thus confidence in financial markets.”

PIOB Report on Consultation Process March 2013.pdf

ANNEX Analysis of Replies to the PIOB Consultation.pdf

MG Response

2010 CONSULTATION - REVIEW OF THE 2003 IFAC REFORMS

PIOB COMMENT LETTER

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PIOB SELF-ASSESSMENT

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