PIE – Rollout and IAASB coordination


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


Project Stages

Webinars, Presentations & Videos

Webinar for Asia-Pacific Region

Board Papers

March 2022 June 2022 September 2022 November-December 2022

Board Minutes

March 2022 June 2022 September 2022 November-December 2022 (Available March 2023)

IESBA November-December 2022 Meeting Highlights

The IESBA considered an update on the rollout activities related to the revised definition of “public interest entity” and related provisions in the Code (IESBA PIE Revisions). The rollout activities included two global panel discussions held in October 2022. As part of the rollout activities, an IESBA Staff Frequently Asked Questions (FAQs) publication is expected to be issued by the end of January 2023.

The IESBA also considered a brief update on the IAASB’s narrow-scope PIE project. The IESBA agreed to hold a virtual meeting in late January 2023 to clarify the scope of the transparency requirement set out in paragraph R400.20 of the IESBA PIE Revisions. This clarification, which concerns the applicability of the transparency requirement to review engagements, will help inform the IAASB’s consideration of whether revisions to its standards addressing review engagements are needed. 


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