The PIE definition as set out in the IRBA Code of Ethics has been revised by the International Ethics Standards Board for Accountants
(IESBA).

The amended definition was adopted by IRBA in November 2023   and additional paragraphs were added by IRBA to the updated Code for the South African context.

The amendments affect audits and review engagements of financial statements for financial years that begin on 15 December 2024 or  later.

Get you up to speed with the latest definitions, simplifying the requirements and familiarising you with the South African specific   paragraphs that were added by IRBA that affect all auditors and reviewers of financial statements.

It is important to know if you are eligible to carry on with your audit or review engagements or if the updated PIE definition will disqualify you because of its independence restriction implications.

The training session will aim to answer the following questions based on the relevant sections of the IRBA Code of Professional   Conduct for Registered Auditors:

• What is the new Public Interest Entity (PIE) definition and what [factors]
  makes an audit / review client a PIE
• What are the new SA specific paragraphs that add to the PIE definition
• When do the new requirements become effective
• What will it mean for future audit / review engagements
• What about non-PIE clients, can you simply continue with the audit / review