The Value of Multi-Stakeholder Boards
With the objective of strengthening the international audit and ethics standard-setting system by ensuring a multi-stakeholder composition on the Standard-Setting Boards (SSBs), in line with the Monitoring Group Recommendation of 2020, the PIOB is responsible, in consultation with the SSB Chairs, for the appointment of members to:
And for the appointment and re-appointment of the SSB Chairs and Vice-Chairs in consultation with the Monitoring Group.
In order to carry its responsibility, the PIOB established the Standard-Setting Boards’ Nominations Committee (SSB NomCo) in late 2021.
The SSB NomCo
The SSB NomCo comprises an independent Chair and eight members from diverse geographical regions, with a mix of skills and experiences.
The Committee maintains gender balance and includes three audit practitioners.
The SSB NomCo is guided by the principle that the primary criterion for the selection of nominees is the most suitable person for the available position, taking into consideration the need to balance the collective skills of the IAASB, the IESBA and the SAC, and to secure a composition that is diverse and made up of multi-stakeholders. Diversity encompasses geographic, and varied skills and mindsets, and achieves gender balance.
The Nominations Cycle
Generally, the Nominations cycle starts early in the calendar year and the PIOB aims to publicly announce re-appointments and new appointments by September, unless additional outreach is required for a specific vacancy.
Preparation
Prepares and issues the open, global annual Invitations for Applications to the IAASB and the IESBA.
Revision
Reviews the applications and evaluates candidates suitables for re-appoinment.
Eligibility of members for re-appointment is based on previous performance assessment, input from the SSB Chairs and written performance evaluations.
Interviews
Interviews shortlisted candidates as required.
Recommendations
Makes recommendations to the PIOB for appointment of IAASB and IESBA members including the Chairs and Vice-Chairs.
Members are appointed for terms of up to three years and may be renewed for a maximum period of service of six years.
Since the establishment of the SAC in 2024, the SSB NomCo also prepares and issues global Invitations for Applications to the SAC as needed, following a similar process for PIOB appointments.
Open Invitations for Applications for new vacancies and How to apply:
Candidate Selection Criteria
IAASB Skills Matrix Candidate Selection Criteria
IESBA Skills MatrixThe application period for vacancies on the IAASB and the IESBA starting in January 2026 has now ended.
