The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) welcome the appointment of Emily Fitts as the new Chair of the Monitoring Group. The Monitoring Group is a group of international financial institutions and regulatory bodies committed to advancing the public interest in areas related to international audit standard setting and audit quality.
Commenting on Ms. Fitts’ appointment, Gabriela Figueiredo Dias and Tom Seidenstein, Chairs of the IESBA and IAASB respectively, said:
“We are pleased to welcome Emily Fitts as the new Chair of the Monitoring Group. Her extensive experience in public accounting and public service, including her leadership on international audit and standard-setting matters at the U.S. Securities and Exchange Commission, brings valuable insight to this important role.
“The Monitoring Group plays a vital role in supporting the credibility and effectiveness of the international audit, assurance, ethics, and independence standard-setting system. We are confident that under Ms. Fitts’ leadership, the Monitoring Group will continue to advance high-quality global standards that serve investors and the broader public interest.
“We look forward to working closely with Ms. Fitts and continuing our strong engagement with the Monitoring Group. Together, we remain committed to ensuring that international standards evolve in step with the needs of global markets and stakeholders.
“We also thank Ryan Wolfe for his leadership and contributions during his tenure as Chair.”
Note for Editors
Monitoring Group Members: The Basel Committee on Banking Supervision, European Commission, Financial Stability Board, International Association of Insurance Supervisors, International Forum of Independent Audit Regulators, International Organization of Securities Commissions, and the World Bank
About IAASB and IESBA
The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants are part of the International Foundation for Ethics and Audit (IFEA), a nonprofit organization that supports high-quality, international ethics, audit, and assurance standards in the public interest. The IAASB and IESBA develop and issue their standards independently and in accordance with an approved due process and the Public Interest Framework, overseen by the Public Interest Oversight Board.
The IAASB develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements.
The IESBA is an independent global standard-setting board that serves the public interest by developing high-quality international ethics and independence standards. These standards promote ethical behavior in business and strengthen public trust in financial and non-financial information, which is essential for the effective functioning and long-term sustainability of organizations, markets, and economies worldwide.
The IAASB and IESBA develop and issue their standards independently and in accordance with an approved due process and the Public Interest Framework, overseen by the Public Interest Oversight Board.
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