The objective of the international Public Interest Oversight Board (PIOB) is to increase the confidence of investors and others that IFAC's public interest activities are properly responsive to the public interest. For further details, visit the PIOB website.

Background

The PIOB was formally established in February 2005 as a result of a collaborative effort by the international financial regulatory community, working with IFAC, to ensure that international auditing and assurance, ethics and education standards for the accountancy profession are set in a transparent manner that reflects the public interest.

Responsibilties

The PIOB oversees IFAC's Public Interest Activity Committees: the International Auditing and Assurance Standards Board (IAASB), the International Accounting Education Standards Board (IAESB), the International Ethics Standards Board for Accountants (IESBA), and the Compliance Advisory Panel. The PIOB also oversees the respective Consultative Advisory Groups of the IAASB, IAESB and IESBA.

Recent Speeches

The Process and Assessment of International Standards for Audit
Presented by Stavros B. Thomadakis
Chairman, Public Interest Oversight Board
IOSCO 32nd Annual Conference
Mumbai / April 12, 2007

Overseeing standards of audit, education and ethics for the
accounting profession
Presented by Stavros B. Thomadakis
Chairman, Public Interest Oversight Board
Presentation to the Presidents Committee of IOSCO
Hong Kong / June 7, 2006

For a complete listing of speeches by PIOB leadership please visit www.ipiob.org/.

PIOB Members

Dr. Stavros Thomadakis (Chairman)
Professor of Finance, University of Athens, Greece. Former Chairman of Hellenic Capital Market Commission, the European Regional Committee of IOSCO, and the expert group on Market Abuse of the Committee of European Securities Regulators.

Mr. Antoine Bracchi
Président, Conseil National de la Comptabilité, France.

Mr. David A. Brown, Q.C.
Former Chairman of the Ontario Securities Commission, Canada. Founding Chair of the Council of Governors of the Canadian Public Accountability Board. Member of the Council of Senior Advisors to the Auditor General of Canada.

Mr. Fayezul Choudhury
Vice-President and Controller, The World Bank.

Mr. Michael Hafeman
Actuary and independent consultant on supervisory issues. Former Assistant Superintendent of Financial Institutions, Canada.

Mr. Toshiharu Kitamura
Professor of Financial Economics, Waseda University, Japan.

Ms. Sylvie Mathérat
Director of Financial Stability, Banque de France. Member of the Basel Committee on Banking Supervision. Chair of the Basel Committee's Accounting Task Force.

Prof. Dr. Kai-Uwe Marten (Observer)
Professor of Accounting and Auditing, University of Ulm, Germany. Deputy Chairman of the Auditor Oversight Commission, Federal Republic of Germany.

Sir Bryan Nicholson (Observer)
Former Chairman of the Financial Reporting Council, United Kingdom.

The Hon. Aulana L. Peters
Retired lawyer. Former Commissioner of the U.S. Securities and Exchange Commission and former member of the Public Oversight Board of the American Institute of Certified Public Accountants. Member, Accountability Advisory Board to U.S. Comptroller General.

Key Contacts

Professor Stavros Thomadakis, PIOB Chairman (sthomadakis@ipiob.org)
Gonzalo Ramos, PIOB Secretary General (gramos@ipiob.org)