Listed Entities and PIEs – AASB

Date recorded:

At its meeting on November 28-29, 2022, the AASB discussed issues related to this project. Key issues included: the IAASB’s proposed objective and guidelines for establishing differential requirements for certain entities in the International Standards on Quality Management (ISQMs) and ISAs; the factors and examples in evaluating the extent of public interest of an entity; a case-by-case analysis of extant differential requirements for listed entities in the ISQMs and ISAs; the IAASB adopted the IESBA definition of “public interest entities” (PIE) and “publicly traded entity” into the ISQMs, ISAs, and the Glossary of Terms; and the introductory and application material in the ISQMs and ISAs. The AASB also discussed possible implications in Canada of the proposed revisions, considering the Codes of Professional Conduct that practitioners are required to comply with in Canada are not the same as the IESBA Code. The Board will discuss these implications further at future meetings.

Review the Executive Summary on the AASB's Web site.

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