Benchmarking International Independence Standards

Phase 1 Report - Comparison of IESBA and US SEC/ PCAOB Independence Frameworks

May 06, 2022 | Guidance & Support Tools

The staff of the International Ethics Standards Board for Accountants’ (IESBA) has completed a study comparing the provisions of International Code of Ethics for Professional Accountants (including International Independence Standards) — in particular the independence provisions applicable to audits of financial statements of public interest entities (PIEs)—with the relevant rules of the U.S. Securities and Exchange Commission (SEC) and the US Public Company Accounting Oversight Board (PCAOB). The study focuses primarily on the SEC rules and includes a reference to the PCAOB's independence requirements only where those requirements are incremental.

The Report reflects the IESBA Staff's understanding of the respective frameworks being compared, and incorporates input received from the IESBA's Benchmarking Working Group.

Comparison of IESBA and US SEC/ PCAOB Frameworks


Phase 1 Report - Comparison of IESBA and US SEC/PCAOB Independence Frameworks


May 2020 Update



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