IESBA Q&A Update: Clarifying PIE Definition for Global Compliance
The Staff of the International Ethics Standards Board for Accountants (IESBA) has released an update to its Questions and Answers (Q&As) publication, including IESBA revisions to the definitions of ‘listed entity’ and ‘public interest entity’ (PIE) in the IESBA Code of Ethics.
This update includes a new Q&A (16) to address the scenario where a jurisdiction has no PIE definition, or has excluded one or more of the mandatory categories in the IESBA PIE definition. In addition, Q&A 20 has been updated.
The Q&A publication is designed to highlight, illustrate, or explain aspects of the PIE revisions in the Code, and is intended to complement the Basis for Conclusions for the final pronouncement. It aims to assist national standards setters, professional accountancy organisations, and firms in adopting and/or implementing the PIE revisions.
The Q&A publication is available on: