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IFAC PIOB's second annual report

  • IFAC (International Federation of Accountants) (lt gray) Image

18 Jun 2007

IFAC's Public Interest Oversight Board (PIOB) has issued its second public report.

The PIOB was 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.
The Compliance Program is designed to encourage member bodies to adopt international standards, including IFRSs, and to implement quality assurance and investigation and discipline programs. The report gives detailed information about the actions and decisions taken during this past year and the PIOB's increasing focus on visibility and two-way communication with other key stakeholders in its mission. Finally, the PIOB has set out its further views on the nature of the international public interest. A Monitoring Group comprised of international financial regulators oversees the work of the PIOB.
Click to download the Second Public PIOB Report (PDF 6,040k).

 

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