The Public Interest Oversight Board (PIOB) has issued Standard Setting in the Public Interest: A Description of the Model to provide greater clarity and broaden the general understanding of the governance functions supporting standard setting following consultations with the Monitoring Group, IFAC, and the standard-setting boards. The document reflects the current state of the standard-setting model in audit, assurance, ethics, and education for accountants. It sets forth the aims and features of the governance arrangements, with links to governing or other documents that provide further details as appropriate. The document was produced at the request of the Monitoring Group as recommended in the 2013 Monitoring Group Statement on Governance.
