IOSCO Monitoring Group Extends PIOB Board Terms

IOSCO Media Releases

Published March 25th, 2026

Detected March 25th, 2026

Summary

The IOSCO Monitoring Group has extended the terms of three Public Interest Oversight Board (PIOB) members and the PIOB Chair through December 31, 2027. This action supports the group's objective of advancing high-quality international auditing, assurance, ethics, and independence standards.

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What changed

The IOSCO Monitoring Group (MG), comprising international regulatory bodies and organizations committed to the public interest, has approved term extensions for three members of the Public Interest Oversight Board (PIOB) and the PIOB Chair. These extensions will run through December 31, 2027. The MG's mandate includes supporting the development of high-quality international auditing, assurance, ethics, and independence standards.

This extension is a procedural update concerning board memberships and does not introduce new compliance obligations for regulated entities. Compliance officers should note this change in leadership for the PIOB, which oversees international auditing standards, but no immediate action is required.

Source document (simplified)

Madrid, 25 March 2026

MEMBERS

International Monitoring Group Approves Term Extensions for PIOB Board Members Organization of Securities Commissions (Chair) The Monitoring Group (MG) is a group of regulatory and international organizations Basel Committee on committed to advancing public interest. It meets this objective by supporting the development Banking Supervision of high-quality international auditing, assurance, ethics, and independence standards that are European Commission responsive to the public interest and by exchanging views related to international audit quality, Financial Stability Board regulatory, and market developments having an impact on auditing. The members of the International Association of Insurance Supervisors Monitoring Group are the Basel Committee on Banking Supervision, European Commission, International Forum of Financial Stability Board, International Association of Insurance Supervisors, International Independent Audit Regulators Forum of Independent Audit Regulators, International Organization of Securities The World Bank Group Commissions, and the World Bank.

The MG is pleased to announce the term extensions for the following PIOB members:

Mr. Philippe Christelle
Mr. Tom Furusawa
Mr. Mark Smith Each of these PIOB members are currently serving their second term, which will be extended through December 31, 2027. The MG is also pleased to announce the extension of Ms. Tshego Modise’s term as Chair of the PIOB through December 31, 2027. Emily Fitts, Chair of the MG stated: “On behalf of the Monitoring Group, we look forward

to our continued collaboration with the PIOB, under Tshego Modise’s leadership. I want to thank each of the PIOB members for their service and dedication to promoting high quality international auditing, assurance, ethics, and independence standards.”