PIE – Rollout and IAASB coordination

Objective

The IESBA’s Rollout initiative is intended to promote awareness and support the adoption and effective implementation of the changes to the International Code of Ethics for Professional Accountants (including International Independence Standards) (“the Code”) arising from the IESBA’s Definitions of Listed Entity and Public Interest Entity project.

The Working Group will release materials that facilitate this initiative, such as but not limited to

  • publications which encompass comprehensive responses to frequently asked questions, and
  • a database showing the type of entities that a selection of jurisdictions around the world have qualified as public interest entities (“PIE”).

The Working Group will also organize interactive, regional webinars with Board members' participation, which will provide opportunities for national standard-setters and other local bodies responsible for the adoption of the Code to share learnings and experiences about refining the local PIE definitions.

Finally, the Working Group will engage in coordination activities on the narrow scope amendments project that IAASB has undertaken as a result of the finalization of the revised PIE provisions in the Code.

Project Focus Page
Working Group
 Staff
IESBA June 2025 Meeting Highlights

The IESBA considered an update from the IAASB Program & Technical Director, Willie Botha, on Track 2 of the IAASB’s Listed Entity and Public Interest Entity project (IAASB PIE Project), including highlights of the relevant feedback from respondents to its Post-Exposure Consultation: Invitation to Comment Before the IAASB Finalizes the Narrow Scope Amendments to the ISQMs and ISAs as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code (ITC). IESBA members expressed support for further coordination between the two Boards when the IESBA commences its post-implementation review of the PIE definition and related provisions in the Code, due to begin in 2027.

The IAASB approved the narrow scope amendments under Track 2 of its PIE project at its June 2025 meeting.