It includes comments on its oversight of IFAC's ethical, auditing, and education standard-setting activities. The report, along with other information, may be downloaded from the PIOB's new website at www.ipiob.org. The PIOB was formally established in February 2005 to oversee IFAC's auditing and assurance, ethics, and education standard-setting activities as well as its Member Body Compliance Program. This last activity is designed to encourage member bodies to adopt international standards and to implement quality assurance and investigation and discipline programs. A Monitoring Group comprised of international financial regulators oversees the work of the PIOB. Click to download the First Public PIOB Report (PDF 195k).