International regulators announce the Public Interest Oversight Board (PIOB)

28 February 2005

The International Organization of Securities Commissions (IOSCO), the Basel Committee on Banking Supervision (BCBS), the International Association of Insurance Supervisors (IAIS), the World Bank and the Financial Stability Forum announced the formal establishment of the Public Interest Oversight Board (PIOB) to oversee the public interest activities of the International Federation of Accountants (IFAC).

The PIOB will oversee IFAC’s international standard setting activities in the areas of audit performance standards, independence and other ethical standards for auditors, audit quality control and assurance standards, and education standards.

The Members of the Public Interest Oversight Board are:

Dr. Stavros THOMADAKIS, Chairman,

Mrs. Aulana L. PETERS,
.

Mr. Antoine BRACCHI,

Mr. David A. BROWN,

Mr. Fayezul CHOUDHURY,

Mr. Michael HAFEMAN,

Mr. Kosuke NAKAHIRA,

Prof. Dr. Arnold SCHILDER,

Press release

© BIS - Bank for International Settlements