The value of independence
The PIOB enhances the confidence in global financial markets in two different ways:
Overseeing IAASB and IESBA activities
Approving the Nominations to the SSBs and the SAC
The PIOB carries out oversight of SSB strategies, work plans and projects throughout their life cycle with complete independence. This ensures that they respond to the Public Interest and that Due Process has been followed.
The oversight cycle
How we identify public interest issues
The PIOB´s oversight role is guided by the Public Interest Framework. This is part of the MG Recommendations issued in 2020 to Strengthen the internationl Standard-setting system.
Throughout the PIOB Oversight Cycle, the PIOB issues oversight and breifing memos, PIOB meeting minutes, analysis of Public Interest Responsiveness to document all the steps followed in the PI analysis and identification process.
All PIOB documents are available in the PIOB PUBLIC CLOUD
