Public Interest Oversight of Global Standards-Setting
David Brown, Q.C. | Member of the Public Interest Oversight Board
Jan 13, 2006 | Los Angeles, CA | English
My principal function today is to talk about the new Public Interest Oversight Board (PIOB) and its mandate to oversee the public interest activities of IFAC. But although this topic for some of you may be spellbinding on its own, I thought I would embellish it with some context at the beginning and the end. I propose, therefore, to start with some observations on the globalization of policy-setting. Following that, I'll talk about the profession's role in setting auditing standards under the supervision of the PIOB. In that context, I'll examine the current framework, which John Kellas will present in much greater detail and give a brief explanation about how we got to the current structure.