Final Pronouncement: Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

[News]

Published: 

Mon, 2022-04-11

Items: 

Final Pronouncement: Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

Basis for Conclusion: Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

Disable Login Requirement: 

0

Issues, Insights & Interest Areas: 

Adoption & Implementation

Language: 

English

Publication Type: 

Handbooks, Standards, and Pronouncements

Standards and Pronouncements

Source: 

IESBA

The revised provisions include an expanded definition of “public interest entity” (PIE) in the Code by specifying a broader list of PIE categories, including a new category “publicly traded entity” to replace the category “listed entity.” The revised provisions also recognize the essential role local bodies responsible for the adoption of the Code play in delineating the specific entities that should be scoped in as PIEs in their jurisdictions, encouraging them to properly refine the PIE categories in the expanded definition and adding any other categories relevant to their environments.

ED Status: 

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