The staff-prepared Basis for Conclusions document relates to, but does not form part of, the Strategy. 

The SMP Committee submitted this comment letter to the IESBA in response to their Exposure Draft: Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client

The International Accounting Bulletin (IAB) recently presented its 2014 Lifetime Achievement Award to Prof. Arnold Schilder, chairman of the International Auditing and Assurance Standards Board^® (IAASB^®).

Prof. Schilder was honored for his contributions to the accountancy profession, which include serving as president of the Dutch professional body NIVRA (1995-1996), as a member of the Managing Board of the Dutch Central Bank (1998-2008), as chair of the Basel Committee on Banking Supervision's Accounting Task Force (1999-2006), and as a member of the Public Interest Oversight Board (2005-2008).

In the narrative that accompanies the award, the IAB also recognized Prof. Schilder for his leadership of the IAASB since assuming its chairmanship in 2009.

"He has played a key role in guiding the IAASB as it strives to enhance the quality and consistency of practice throughout the world," the narrative reads. "Ninety jurisdictions around the world already use or are in the process of adopting or incorporating IAASB's International Standards on Auditing^™."