New Public Interest Oversight Board to Monitor IFAC
Mar 01, 2005
The International Federation of Accountants (IFAC) and the international financial regulatory community (including IOSCO), have established a Public Interest Oversight Board (PIOB) to oversee the work of IFAC's auditing, ethics, and education standard-setting committees and its Member Body Compliance Program.
The eight PIOB members include seven individuals nominated by the International Organization of Securities Commissions, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, and the World Bank, and one selected by those organisations from individuals nominated by IFAC.
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