Long Association Post-Implementation Review (LAPIR) – Phase 1

The Long Association Post-Implementation Review (LAPIR) is to be carried out in two phases:

Phase 1

This phase will review the implementation status of the five-year cooling-off requirement for EPs on audits of PIEs, and any issues arising from the implementation of such requirement before the expiry of the transition period for the jurisdictional provision. 

Phase 2

Due to commence in Q2 2023, this phase will review how effectively the other revised long association provisions in the Code are being implemented in practice, taking into account legislative or regulatory developments relating to other regimes around the world intended to address long association, such as mandatory firm rotation (MFR) and mandatory retendering (MRT). To achieve synergies, the LAPIR Phase 2 will be undertaken in conjunction with the post-implementation review of the restructured Code. 

Project Contact

Geoffrey Kwan

Working Group

• Richard Fleck, Chair, ex-IESBA Deputy Chair
• Saadiya Adam, IESBA Member
• Sung-Nam Kim, IESBA Member
• Kristen Wydell, IESBA Technical Advisor