Tag Archives: IESBA
Rubin Appointed to New PCAOB Advisory Group
SHARE: In May 2022, NASBA Past Chair Diane Rubin, CPA, was appointed to the newly formed Public Accounting Oversight Board (PCAOB) Standards and Emerging Issues Advisory Group (SEIAG). According to a recent PCAOB announcement, the SEIAG was established to advise on existing standards, proposed Diane Rubin standards, potential new standards, and emerging issues that are…
New Definition of Public Interest Entities by IESBA
SHARE: Forget what you thought you knew about public entities and how they are defined. The International Ethics Standards Board for Accountants (IESBA) has redefined what it means to be a public entity. According to a recent article on IESBA’s website, the organization has expanded the definition of a PIE, or Public Interest Entity, along…
NOCLAR Exposure Drafts in February
SHARE: On January 14, 2021, the latest round in the profession’s ongoing attempt to deal with NOCLAR (non-compliance with laws and regulations) began, with the AICPA’s Auditing Standards Board’s (ASB) vote to expose for public comment a proposed Statement on Auditing Standards (SAS) on “Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and…
Monitoring Group Redesigns Standard-Setting
SHARE: It has taken them five years, but the Monitoring Group has issued their final recommendations to advance the public interest in international audit-related standard-setting and improve audit quality. Their 27-page report “Strengthening the International Audit and Ethics Standard-Setting System” was released in July. The members of the Monitoring Group (MG) are the: Basel Committee…