IFAC SMP Committee Response to the IESBA: Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code
The IFAC SMP Advisory Group believes that the approach for a global PIE definition should be narrow, rather than broad. Otherwise the situation arises where PIEs at an international level are not PIEs under local legislation in several parts of the world and it leads to inconsistent practices. Whilst going beyond this may be necessary…
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