Publications Issued by GPPC Firms

Date Published Title
June 2021 The Auditor's Response to the Risks of Material Misstatement arising from estimates made in applying IFRS 17 Insurance Contracts
January 2020 Implementation of IFRS 17: Considerations for those charged with governance
January 2020 Implementation of IFRS 17: Companion Document on key judgements and accounting policy choices
July 2017 The Auditor's Response to the Risks of Material Misstatement Posed by Estimates of Expected Credit Losses under IFRS 9
June 2016 The Implementation of IFRS 9 impairment requirements by banks: Considerations for those charged with governance of systemically important banks

Role and objective

The Global Public Policy Committee (GPPC) brings together senior partners from the six large international accounting networks (BDO, Deloitte, EY, Grant Thornton, KPMG and PwC). 

GPPC is focused on professional matters of global scope deemed to be priorities by their respective networks’ CEOs, such as the enhancement of quality in auditing and corporate reporting. The GPPC’s primary objectives are to participate constructively in matters concerning global public policy to advance the public interest and to enhance public confidence in the profession.

The GPPC also serves as a forum for communication and constructive dialogue with a number of global regulatory bodies and stakeholders, such as:

·         International Forum of Independent Audit Regulators (IFIAR)

·         Financial Stability Board (FSB)

·         Monitoring Group (MG)

·         International Federation of Accountants (IFAC)

GPPC has established several standing working groups that are focused on key subject areas, such as:

·         Regulatory Working Group (RWG) and European Contact Group (ECG) – provide GPPC with constructive input on regulatory and standard-setting topics globally and in the EU respectively.

·         Standard-setting Working Group (SSWG) – engages with regulators and standard-setting bodies to promote high-quality audit, ethics and independence standards in the public interest.

·         Banking Working Group (BWG) and Insurance Working Group (IWG) – engage with policy-makers in the banking and insurance sectors on relevant topics.


Each participating GPPC network appoints two members, who are selected by their CEO to speak on behalf of their GPPC network. The Chair of the GPPC is selected for a two-year term by GPPC member consensus.

To the greatest extent possible, members of the GPPC and its working groups are intended to include all major geo-political regions of the world, as diverse, global perspectives are a critical element to GPPC’s effectiveness.

The Center for Audit Quality (CAQ), which is based in the United States, serves as an observer to the GPPC.