1. IESBA Meeting Athens, Greece June 18-20, 2018
EIOC
Reyaz Mihular, Chair
IESBA Meeting
Athens, Greece
June 18-20, 2018

2. Objectives of this Session
Review background of EIOC
Rising from the ashes in the land of mythology
New process to inventory and evaluate emerging issues
Initial issues identified
New focus on outreach

3. Charge of the EIOC
To identify developments in the external environment around the world, outside of the Board’s strategic planning process, that may have implications for the Board’s strategy and work plan, require Board action, or otherwise merit Board attention; and
To advise the Board on ways to enhance the effectiveness of the Board’s outreach efforts, including with respect to the scope and focus of, and general approach to, its outreach activities.

4. EIOC members
Reyaz Mihular, Chair
Denise Canavan
Winnie Kiryabwire
Trish Mulvaney
Kristian Koktvedgaard, Observer

5. New process to inventory and evaluate emerging issues
Brief overview
Ethical challenges / threats
Any related projects
Level of monitoring
Responsible party

6. Current issues in inventory
Technology – audit chain
Aggressive tax planning
Outsourcing – implications on “engagement team”
Multi-disciplinary practices
Impact of re-tendering on audit fees
IFIAR inspection findings
Trade restrictions
Ethical barometer
New audit / assurance engagements

7. Emerging Issues and OUTREACH Committee
Taking ownership of cultivating outreach opportunities among board members and TAs
“Interviews” coming
Coordinate with Rollout Working Group