Benchmarking Initiative


The objective of the IESBA’s Benchmarking Working Group is to compare the International Independence Standards (IIS) that are applicable to PIEs (including the pending revisions arising from the Non-assurance Services and Fees Projects) to the relevant independence requirements that apply in major jurisdictions, starting first with the requirements of the US Securities and Exchange Commission and the US Public Company Accounting Oversight Board.

The initiative will serve to provide insights to stakeholders about the similarities and key differences between the IIS and independence requirements in major jurisdictions.




Project Stages

Issued Document

Summary Report Final Report Communique

IESBA March 2022 Meeting Highlights

The IESBA received the final report arising from benchmarking the International Independence Standards (IIS) against the independence rules and standards of the US Securities and Exchange Commission (SEC) and the US Public Company Accounting Oversight Board (PCAOB) (Benchmarking Phase 1). The IESBA also received an accompanying summary report that provides an overview of the similarities and key differences identified from the benchmarking analysis.

The final report and related summary will be published by May 2022. 

Regarding the way forward, the IESBA agreed to focus its efforts on promoting the outcome of the Benchmarking Phase 1 work. Additional benchmarking phases will be considered in future subject to resource availability in light of current priorities.


Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.