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IESBA: List of Prohibitions for PIEs in IESSA
- 08 August 2025
- Sustainability Reporting
- South African Accounting Academy
Summary:
The Staff of the International Ethics Standards Board for Accountants (IESBA) has released an implementation support publication on the List of Public Interest Entity (PIE) Prohibitions.
Article:
The purpose of this publication is to help sustainability assurance practitioners understand and apply the International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA).
This is a list of specific prohibitions in the IESSA applicable to sustainability assurance engagements of public interest entities (PIEs).
The List of Prohibitions for PIEs in IESSA summarizes the specific interests, relationships, non-assurance services and other circumstances prohibited under the IESSA when performing sustainability assurance engagements for PIEs. It is intended as a high-level reference to help sustainability assurance practitioners in further understanding the prohibitions in the IESSA.
This publication is intended to be a useful reference to stakeholders, including regulators and audit/assurance oversight bodies, sustainability assurance (SA) practitioners (SAPs) (including audit firms, conformity assessment bodies or other practitioners), the corporate governance community, investors, preparers, and educational bodies or institutions. References to the relevant provisions in the IESSA are provided in footnotes to assist further understanding of the prohibitions.
Click here to download the 8-page document:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an accountant, auditor and independent reviewer, you need to be aware of and consider the information contained in publications by various professional bodies and standard-setters, e.g. IESBA, IAASB, etc. – so that you can apply this in the performance of your duties.
- IESSA must be applied by all sustainability assurance practitioners (SAPs), and should also be used by professional accountants (PAs) involved in sustainability reporting.
- Public Interest Entities (PIEs) necessitate more requirements that must be complied with, and SAPs need to consider whether each of their clients is a PIE.