International Standard Setting in the Public Interest
Policy Position Paper #3

This paper outlines the rationale for the regulatory arrangements put in place for setting international standards for auditing and assurance, ethics, and accounting education; arrangements in which responsibility is shared between the public sector and the private sector. Current arrangements for international standard setting, which encompass a combination of public and private sector roles, provide a structure and process that operate and are seen to operate in the public interest, in a context in which there are needs for legitimacy, independence, transparency, performance (encompassing technical competence, responsiveness, and efficiency) and accountability.

International Standard Setting in the Public Interest (PDF | 519K)
Policy Position Paper #3
Date: Sep 30, 2011

International Standard Setting in the Public Interest (PDF | 313K)
At a Glance
Date: Sep 30, 2011

Related Resources

• A Definition of the Public Interest
• A Single Set of Auditing Standards: Audits of Small- and Medium-Sized Entities
• Effective Governance, Risk Management, and Internal Control
• Global Regulatory Convergence and the Accountancy Profession
• Public Sector Financial Management Transparency and Accountability: The Use of International Public Sector Accounting Standards