The GPPC has standing working groups devoted to specific topics and geographies, typically comprising two representatives from each member network with relevant knowledge and background on the issues. Working group members may or may not also be representatives on the GPPC itself.
Additionally, the GPPC may set up ad hoc working groups to deal with current events or emerging issues. These working groups may be created at the suggestion of any member, subject to agreement of the Chair and other GPPC members.
Standing GPPC Working Groups
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AUDIT QUALITY (AQ) WORKING GROUP
The Audit Quality Working Group’s mission is to constructively engage with the International Forum of Independent Audit Regulators (IFIAR) on matters of audit quality.
BANK WORKING GROUP (BWG)
The Bank Working Group’s primary objective is constructive engagement in the public interest with the Financial Stability Board (FSB), Basel Committee, and other accounting and auditing standard-setters to improve the development and implementation of accounting and auditing standards specific to the banking and finance sector.
COMMUNICATIONS (COMMS) WORKING GROUP
The Communications Working Group works with the GPPC to craft external communications on public policy issues impacting the profession. The working group also responds to media and public inquiries on behalf of the GPPC.
FUTURE OF CORPORATE REPORTING AND ASSURANCE (FCRA) WORKING GROUP
The Future of Corporate Reporting and Assurance Working Group proactively contributes to developments in corporate reporting and Environmental, Social, and Governance (ESG) matters through engagement with investors, standard-setters, regulators and other multilateral stakeholder organizations. The group contributes and engages with stakeholders responsible for the development of high-quality corporate reporting standards.
Global Tax Policy Working Group
The Global Tax Policy Working Group keep the GPPC apprised of tax policy issues that could impact the networks and the multidisciplinary accounting profession.
INSURANCE WORKING GROUP (IWG)
The Insurance Working Group engages with regulators standards-setters such as the International Association of Insurance Supervisors (IAIS)), and other stakeholders to improve the development and implementation of auditing and accounting standards specific to the insurance industry, working closely with the GPPC Banking Working Group on banking and insurance sector standards.
REGULATORY WORKING GROUP (RWG)
The Regulatory Working Group works closely with regulatory and public policy leaders from the networks’ member firms around the world to engage on legislative and regulatory issues that are consistent with objectives and priorities set forth by the GPPC.
STANDARDS-SETTING WORKING GROUP (SSWG)
The Standards-setting Working Group promotes transparency and independence of the standard-setting process and high-quality audit and ethics standards in the public interest. To achieve these objectives, they liaise with the International Federation of Accountants and its standard-setting bodies (SSBs), primarily the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA), as well as the bodies responsible for the oversight of the SSBs (the Monitoring Group (MG) and Public Interest Oversight Board (PIOB). The group also tracks emerging and current standards for technical and implementation issues and contributes to technical discussions and consultations regarding SSB projects.
Geographical Groups
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EUROPEAN CONTACT GROUP (ECG)
The ECG comprises the six largest international professional services networks in Europe: BDO, Deloitte, EY, Grant Thornton, KPMG and PwC. The ECG’s mission is to contribute constructively to European legislation and policy debates to maintain confidence in the profession and large networks in Europe.
LATIN AMERICAN COORDINATING COMMITTEE (LACC)
The Latin American Coordinating Committee (LACC) facilitates collaboration between the large global accounting and auditing networks and brings together senior representatives to address regulatory and public policy issues of common interest that are relevant to the profession in Latin America.