In May 2020, the International Forum of Independent Audit Regulators (IFIAR) conveyed its decision to contribute JPY 6,150,000 to the PIOB budget in 2020 and 2021. Similarly, in July 2020, the Federal Audit Oversight Authority of Switzerland (FAOA), a member of IFIAR, confirmed a contribution of 10,000 euros for 2020. The PIOB appreciates this strong signal of support from both stakeholders. Their support will contribute significantly to a more stable and diversified funding base, and allow the PIOB to continue exercising its mandate in the fields of audit and assurance, and ethics.
The PIOB Welcomes the Monitoring Group’s Recommendations
The Public Interest Oversight Board (PIOB) welcomes the publication by the Monitoring Group of its recommendations paper, Strengthening the International Audit and Ethics Standard-Setting System.