Фінансова енциклопедія


1 A B C D E F G H I J L M N O P Q R S T U V W X Y Z А Б В Г Д Е Ж З И І К Н О П Р С Т У Ф Ц Ч Э



Independence Standards Board (eng)


The Independence Standards Board (ISB) was established in May 1997 as a result of discussions between the American Institute of Certified Public Accountants (AICPA) and the U.S. Securities and Exchange Commission (SEC). The various securities laws enacted by Congress and administered by the SEC recognize that the integrity and credibility of the financial reporting process for public companies depends, in large part, on auditors remaining independent from their audit clients. The operating policies of the ISB are designed to permit timely, thorough, and open study of issues involving auditor independence and to encourage broad public participation in the process of establishing and improving independence standards. The mission of the ISB is to establish independence standards applicable to audits of public entities in order to serve the public interest and to protect and promote investors’ confidence in the securities markets. ISB STRUCTURE The ISB is a board of eight members, supported by an Independence Issues Committee, an executive director, and other support staff. The ISB operates as an independent body, funded by the AICPA SEC Practice Section of its Division of CPA Firms (SECPS). Accordingly, the ISB has authority to make public statements on matters relating to the subject of auditor independence in connection with audits of public entities without clearance from the SECPS or the AICPA board of directors. ISB board members serve on a parttime basis. Four are public members, three are senior partners of SECPS member firms, and one is the president of the AICPA or the president’s designee. Public members are supposed to be prominent individuals of high integrity and reputation who understand the importance of investor protection, the U.S. capital markets, and the accounting profession. The appointment of the initial board was made by the SECPS Executive Committee after consultation with the SEC and the president of the AICPA. The terms of the board members are staggered and may be of varied lengths. Following the appointment of the initial board, successor public members will be nominated for three-year terms by the existing public members of the board. New members from SECPS member firms will be nominated for three-year terms by the SECPS Executive Committee subject to the approval of the AICPA’s board of directors. The entire board will elect replacement members from those slates of nominees. The board selects its own chairperson from among the four public members. ROLE OF CHAIR The chair of the ISB serves a three-year term. The chair has powers and responsibilities relating to the appointment and supervision of personnel at the ISB, the distribution of work among such personnel, and the use and expenditure of funds by the ISB within the budget constraints approved by the ISB. The chair also has the authority to establish and appoint persons to task forces following approval by the ISB and after consultation with the executive director and others. The chair provides the leadership in identifying the pronouncements the ISB will issue, including, if necessary and appropriate, the authority, hierarchy, and exposure process for each pronouncement. All proposed standards will be exposed for public comment for a minimum of thirty days. ISB STAFF The ISB has a full-time executive director and, as necessary or appropriate, other full-time professional and administrative staff. The ISB staff fields telephone and other inquiries concerning independence issues in the manner that the board directs and pursuant to policies established by the board. In responding to inquiries, the ISB staff provides informal interpretations or guidance to the inquiring parties. As appropriate, the ISB staff informs the board regarding issues raised in such inquiries that might benefit from more comprehensive consideration by the board and, to the extent delegated or assigned by the board, the Independence Issues Committee (IIC). The ISB and its staff address independence inquiries that arise, and the ISB understands that the SEC will encourage registrants and auditors to look to the ISB and its staff to address such matters. Further, the ISB understands that the SEC staff expects to refer specific independencerelated issues that may arise to the ISB. Absent express ratification by the board, ISB staff interpretations will be considered as applying only to the particular parties directly affected by the interpretation, who may rely on such interpretation. The executive director advises and consults with the AICPA, including its Professional Ethics Executive Committee, as appropriate, on independence issues of interest to the AICPA. A public file on all ISB meetings is kept for public reference and inspection for a reasonable period of time consistent with the public interest in the AICPA library. THE INDEPENDENCE ISSUES COMMITTEE The Independence Issues Committee (IIC) assists the ISB in establishing independence standards through the timely identification and discussion of emerging independence issues within the framework of existing authoritative literature. The IIC also addresses broader interpretative issues, including those that emerge from inquiries fielded by the ISB staff, and communicates its consensus on such issues to the board. The IIC makes publicly available its consensuses and the rationales or bases for such conclusions. The IIC is comprised of nine certified public accountants (CPAs), drawn from SECPS member firms that audit SEC registrants, who are knowledgeable about the existing independence literature and are in positions to be aware of emerging practice issues as they develop. The SECPS Executive Committee nominates the nine members of the IIC, in consultation with and subject to the approval of the ISB. The ISB specifies the terms of the IIC members. The ISB names the chair from the nine members of the IIC. The meetings of the IIC are usually open to the public, but sessions or portions of sessions may be closed to the public if they deal with (1) administrative matters, (2) matters that may cause substantial harm or injury (a rare occurrence), or (3) matters involving or relating to advice of counsel; all such closed sessions must be authorized by the chair or his or her designee, and in no instance can the SEC staff be excluded from these sessions. For the IIC to reach a consensus, at least six IIC members must approve the judgment or determination and no more than two IIC members may oppose it. On reaching a consensus, the IIC will promptly forward the matter to the ISB for ratification. If a majority of the ISB ratifies the consensus, the ISB understands that the SEC will consider such consensus as having substantial authoritative support. PUBLIC HEARINGS The ISB may seek information about independence matters by holding a public hearing. The basis for a public hearing generally will be an exposure draft, although the ISB may also determine to hold a public hearing for any other purpose. Each public hearing will be conducted by one or more members of the ISB or IIC, the executive director, or technical staff pursuant to procedures approved by the ISB for such hearing. The ISB will publicly announce its intent to hold a public hearing at least sixty days prior to the hearing, unless a shorter period (but in no event less than thirty days) is considered appropriate by the ISB, in any manner reasonably designed to inform the public. Any individual or organization may request to be heard at a public hearing, and, to the extent practicable, the ISB will attempt to schedule all those making timely requests. Submission of written comments, a position paper, or an outline of a proposed oral presentation will generally be a condition of being heard. Materials submitted to the ISB in this connection will constitute a part of its public file. More information is available from Independence Standards Board, 6th floor, 1211 Avenue of the Americas, New York, NY 10036-8775;(212)596-6133 (telephone); (212)596-6137 (fax);or http://www.cpaindependence.org. (SEE ALSO: American Institute of Certified Public Accountants;Auditing; Securities and Exchange Commission) C. RICHARD BAKER

Fin.org.ua

Інші статті енциклопедії




Пошук в Фінансовій енциклопедії


Новини

23:15 - Миллиардер Олег Дерипаска заявил о превращении россии в “страну бабуинов”
22:25 - Министр финансов США срочно собрала закрытое совещание совета по надзору за финансовой стабильностью страны
20:45 - Прем’єр-міністр: Уряд ухвалив низку рішень у сфері логістики та розбудови оборонної інфраструктури
20:45 - 24 березня: Ситуація в соціальній сфері
20:45 - Уряд позбавив стипендії Кабінету Міністрів України за видатні заслуги у сфері вищої освіти професора Ігоря Сірого через співпрацю з окупантами
20:45 - Grain from Ukraine – з порту “Чорноморськ” до Ємену буде відправлено 30 тисяч тонн українського зерна
20:45 - 24 березня: Ситуація в енергетиці
20:45 - Уряд схвалив приєднання України до Партнерства з імплементації статті 6 Паризької угоди
20:45 - Дмитро Кулеба та Габріелюс Ландсбергіс обговорили посилення оборонної підтримки України
19:45 - Украина ожидает 45 млн тонн урожая зерновых и зернобобовых в 2023г
19:45 - Рынок металлоконструкций в Украине за 2022 год сократился на две трети
19:15 - Чистий інвестиційний дохід страховика MetLife у 4К2022 зріс до $5,2 млрд
19:15 - Прямі збитки інфраструктурі та майну в Україні за рік російської війни перевищили $143,8 млрд
19:15 - Світовий банк та ООН оцінюють потреби України на відновлення інфраструктури у $411 млрд
19:05 - Дороги Nasdaq100 и Dow Jones 30 разошлись
18:50 - Как Милошевич оказался в Гааге. Это похоже на историю Путина?
18:50 - Суд арестовал с альтернативой залога советника экс-главы ФГИ
18:50 - Украина в феврале увеличила импорт длинного проката на 34%
18:50 - Зеленский обсудил с делегацией Всемирного банка финансирование проектов по восстановлению Украины
18:50 - США ввели санкции против БелАЗа и МАЗа
18:50 - Кабмин дал старт массовому производству дронов в Украине
18:50 - АРМА уже полгода не может передать управляющим два арестованных завода российских бизнесменов
18:40 - МОН: 5 тис. школярів постраждалих закладів освіти отримали планшети
18:40 - Мінмолодьспорт: Швеція підтримуватиме Україну у розвитку молодіжної політики
18:40 - Мінмолодьспорт: Україна пропонує Латвії розвивати нові форми співпраці у молодіжній сфері
18:40 - МКІП: Велика Британія та Україна обговорили конкретні кейси підтримки української культури, креативних індустрій та медіа
18:40 - Цифровізація освіти: Мінцифри разом з партнерами передало 5 тисяч Apple iPad учням шкіл, зруйнованих через бойові дії
18:40 - Професійне навчання безробітних буде відбуватись за принципом «гроші ходять за людиною», - Мінекономіки про зміни
18:40 - Промова Прем’єр-міністра України Дениса Шмигаля на засіданні Уряду
18:40 - Денис Шмигаль: Пільгові ціни на електроенергію продовжені до кінця квітня


Більше новин

ВалютаКурс
Австралійський долар24.2761
Канадський долар26.5076
Юань Женьміньбі5.3215
Чеська крона1.6581
Данська крона5.2751
Гонконгівський долар4.6586
Форинт0.1015
Індійська рупія0.44336
Рупія0.0024133
Новий ізраїльський шекель10.1377
Єна0.2809
Теньге0.079907
Вона0.028288
Мексиканське песо1.9545
Молдовський лей1.9745
Новозеландський долар22.6835
Норвезька крона3.4761
Російський рубль0.4766
Сінгапурський долар27.4189
Ренд2.0077
Шведська крона3.5088
Швейцарський франк39.7766
Єгипетський фунт1.1837
Фунт стерлінгів44.6557
Долар США36.5686
Білоруський рубль13.2919
Азербайджанський манат21.5617
Румунський лей7.9733
Турецька ліра1.9173
СПЗ (спеціальні права запозичення)49.0741
Болгарський лев20.0926
Євро39.3076
Злотий8.3827
Алжирський динар0.26723
Така0.3458
Вірменський драм0.093925
Домініканське песо0.66051
Іранський ріал0.00087068
Іракський динар0.027915
Сом0.41831
Ліванський фунт0.002438
Лівійський динар7.5589
Малайзійський ринггіт8.1499
Марокканський дирхам3.5203
Пакистанська рупія0.13997
Саудівський ріял9.7441
Донг0.0015371
Бат1.03433
Дирхам ОАЕ9.9563
Туніський динар11.6409
Узбецький сум0.0032259
Новий тайванський долар1.19701
Туркменський новий манат10.4482
Сербський динар0.33086
Сомоні3.35
Ларі13.9965
Бразильський реал7.03
Золото73096.24
Срібло855.47
Платина35741.05
Паладій52416.7

Курси валют, встановлені НБУ на: 27.03.2023

ТікерOpenMaxMinCloseVolume
204150895.01895.01895.01895.0117900.20
2064601013.471013.471013.471013.473040.41
22041237053.8653237053.8653237053.8653237053.8653218675148.12
2262601080.761080.761080.761080.761038610.36
BAVL0.3050.3050.3050.305137250.00
CEEN4.74.74.74.7470.00
VERES155.17155.17155.17155.17931.02

Дані за 24.03.2023