Understanding the Changes to Public Interest Entities (PIE) Rules proposed by the International Ethics Standards Board for Accountants

The rules around Public Interest Entities (PIEs) are changing, and it’s time for accountants and businesses to take notice. The International Ethics Standards Board for Accountants (IESBA) is updating the definition of PIE and at the same time accounting standards are also aligned, with final changes expected by June 2025. These updates include a broader PIE definition, new firm-level assessments, and a shift from "Listed Entity" to "Publicly Traded Entity (PTE)." The impact could be big, especially for African regulators still developing their accounting frameworks. Now is the time to get involved and ensure these changes work in practice before they become official!