In the public interest."If one went around the world and gathered the opinions of various stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in financial markets, one would find they firmly believe in two things they did not believe in ten years ago. One is the need for convergence. There is much more of a sense now around the world that that is the way to go. The second is the need for oversight. The creation of the Public interest Oversight Board (PIOB PIOB Public Interest Oversight Board ) has been responsive to both these common principles. "We live in a world where the commitment to the public interest must be externally validated, externally viewed and constantly observed. The PIOB has been put together to do just that." --Stavros Thomadakis, chairman of the Public Interest Oversight Board, at an International Federation of Accountants New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , July 29. |
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