In the Public Interest


ON THE RECORD

If one went around the world and gathered the opinions of various stakeholders in financial markets, one would find they firmly believe in two things they did not believe in ten years ago. One is the need for convergence. There is much more of a sense now around the world that that is the way to go. The second is the need for oversight. The creation of the Public Interest Oversight Board (PIOB) has been responsive to both these common principles.

We live in a world where the commitment to the public interest must be externally validated, externally viewed and constantly observed. The PIOB has been put together to do just that.

Stavros Thomadakis, chairman of the Public Interest Oversight Board,
at an International Federation of Accountants board meeting in New York, July 29.

SPONSORED VIDEO

How KPMG is innovating the audit

KPMG's global audit team is using cognitive technology and alliances with tech and university partners to drive audit innovation. See how.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.