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9th Colloquium

Mind the gap

the expectation gap between the public,

the accountant, and the auditor.


The Public Interest Oversight Board (PIOB) released its 17th Public Report in October 2022 and on this occasion launched the “Mind the Gap”, a project. The project is aimed at bringing together contrasting mindsets, including businesses of all sizes, regulators, the accountancy profession, users, preparers and the wider public. This focused stakeholder engagement intends to stimulate an exchange of views around the public interest in standard-setting and narrow the expectation gap. The project will offer stakeholders a space to participate in the oversight debate on the global standard-setting architecture.

This 9th Colloquium brings together global thought leaders to discuss this gap and engage with stakeholders.

Additional information


Download and share the highlights


Opening of the 9th Colloquium

About the PIOB and ‘Mind the Gap’ in our Public Interest Issues

Gaps in stakeholder expectations - A practitioner perspective

IAASB Sustainability Assurance

Bridging the expectation gaps

Facilitated attendance questions of the speakers

Prof. Mervyn King

Patron, Good Governance Academy

Mervyn King is a Senior Counsel, former Judge of the Supreme Court of South Africa, and designated Chartered Director (South Africa). He is Professor Extraordinaire at the University of South Africa, Honorary Professor at the Universities of Pretoria and Cape Town, and a Visiting Professor at Rhodes University. He has honorary Doctorates from Wits University and Stellenbosch University in South Africa, Leeds University in the UK, and Deakin University in Australia.


Mervyn is honorary fellow of the Institute of Chartered Accountants of England and Wales; the Institute of Internal Auditors of the UK; the Chartered Institute of Management Accountants; the Certified Public Accountants of Australia; the Chartered Institute of Public Relations of the UK, and the Chartered Secretaries and Administrators.


Mervyn is Chair Emeritus of the King Committee on Corporate Governance in South Africa, as well as of the Value Reporting Foundation (incorporating the International Integrated Reporting Council and SASB) and the Global Reporting Initiative (GRI). He has received Lifetime Achievement Awards for promoting quality corporate governance globally, from several institutions.


Mervyn chairs the Good Law Foundation and has chaired the United Nations Committee of Eminent persons on Governance and Oversight. He is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance and of the ICC Court of Arbitration in Paris. Mervyn currently chairs the African Integrated Reporting Council and the Integrated Reporting Committee of South Africa and is Patron of the Good Governance Academy.


Mervyn has been a chair, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in over 60 countries and has received many awards from international bodies around the world including the World Federation of Stock Exchanges and the International Federation of Accountants.


He is the author of many books on governance, sustainability and reporting, the latest being “The Healthy Company.”

Linda de Beer

Chair, Public Interest Oversight Board (PIOB)

Linda is a Chartered Accountant South Africa (SA), a Chartered Director SA and holds a Master’s degree in taxation. She is also a professor in practice (honorary) at the University of Johannesburg. She is an independent non-executive director and has been serving on the boards of South African listed companies for more than a decade. Linda was appointed Chair of the Public Interest Oversight Board (PIOB), based in Spain, in April 2020. She has an extensive career in setting and oversight of standards, regulation and governance (IFRS, ISA, JSE Listings Requirements and various King Codes) and training and advising in those areas.

Gilly Lord

Global Leader, Public Policy & Regulation, PwC United Kingdom

Gilly is a PwC UK partner and chartered accountant. She is a practising audit partner and is the Global Leader for Public Policy & Regulation. She is Chair of the ICAEW’s Audit and Assurance Faculty and is a Council Member at the ICAEW.

Previous roles
Gilly has been the Head of Audit Strategy and Public Policy for the firm’s Audit Line of Service, PwC UK’s Head of Audit Strategy and Transformation, PwC UK’s Head of Regulatory Affairs and has led PwC’s top tier assurance practice (38 partners, 800+ staff). As well as more than 20 years of large listed external audit experience, Gilly has also been a Partner in PwC’s Financial Services regulatory team, leading regulatory investigations (s166s) and advising clients on the impact of regulation. This included time spent seconded to the FSA reviewing supervisory strategy for high impact firms. Gilly is also a member of the audit committee of University College, Oxford.

MA, Mathematics, University College, University of Oxford. Chartered Accountant.


In October 2015 Gilly was awarded a Women in the City Women of Achievement award in the professional services category.

Gilly regularly speaks and writes on a wide variety of topics including the future of assurance, sustainability, technology in assurance, professionalism and ethics, and diversity in business. Gilly authored the ICAEW’s publication “Enhancing Relationships between Banks and their Audit Committees” and has published “Confidence in the Future”. Gilly also wrote “The Revolution in Audit Reports” giving
a lecture tour in Australia on the topic and presented it at the European Court of Auditors in Luxembourg. Gilly also regularly writes for the accountancy trade press. Gilly appeared on a Sky news debate on the gender pay gap.

Tom Seidenstein

Chair, International Auditing and Assurance Standards Board (IAASB)

Tom Seidenstein is the Chair of the International Auditing and Assurance Standards Board (IAASB). He commenced his three-year appointment on July 1, 2019. His career has spanned both the private sector and international standard-setting. Prior to joining the IAASB, Tom has held senior strategic leadership positions at the Federal National Mortgage Association, commonly known as Fannie Mae (Senior Vice President, Strategy, Innovation & Capital Management: 2012-19); and the IFRS Foundation (Chief Operating Officer: 2000-2011).


Tom has served at a consulting organization for not-for-profits, CCS Fundraising (Executive Director: 1999-2000), and the Center for Strategic and International Studies (Special Assistant to the Managing Director: 1995-1997). Tom has also served as a Trustee of the International Valuation Standards Council (IVSC) and on XBRL International’s Board of Advisors.


A strong believer in volunteer service, Tom has held or holds volunteer leadership positions serving school education the USA and the Make-A-Wish Foundation (both UK and international boards). He holds a Masters in Public Policy from the Kennedy School of Government at Harvard University and an undergraduate degree (cum laude) from the Woodrow Wilson School of Public and International Affairs at Princeton University.

Gabriela Figueiredo Dias

Chair, International Ethics Standards Board for Accountants

Ms. Gabriela Figueiredo Dias took office as Chair of the International Ethics Standards Board for Accountants on January 1, 2022. She was appointed for an initial three-year term.


Gabriela has extensive experience in international standard setting, legal and regulatory structure and governance, and academia. Previously, she was the Executive Chair (2016-2021) and Deputy Chair (2015-2016) of the Portuguese Securities Commission – CMVM, the authority responsible for regulating and supervising the markets of financial instruments, covering listed companies, asset managers, auditors, and investment firms. There, she managed and provided strategic direction to the CMVM and represented the organization in regional and global financial forums.


Gabriela joined the CMVM in 2007 as Senior Counsel on international affairs and regulatory policy and during 2008-2015 she served in several senior leadership roles, including Head of the International and Regulatory Policy Department and of the Markets, Issuers, and Financial Information Department, and Advisor to the Chair.


Gabriela served as a Board Member of the International Organization of Securities Commissions (IOSCO), Board member of the European Securities and Markets Authority (ESMA), Chair of the ESMA Investment Management Standing Committee, member of ESMA’s Management Board, and a member of ESMA’s Mediation Panel. She was also a member of the Portuguese National Council of Financial Regulators. In addition, Ms. Figueiredo Dias served as Vice-Chair of the Organization for Economic Co-operation and Development (OECD) Corporate Governance Committee. She was a member of IOSCO’s Sustainability Task Force (2020-2021) and an observer at the Monitoring Board of the IFRS Foundation.


Gabriela is a founding member of the Portuguese Corporate Governance Institute and a member of the European Corporate Governance Institute. Since February 2021, Ganriela is also the President of the General Council of the University of Coimbra in Portugal.


Over her 30+ years career, Gabriela published numerous papers, articles, and books, as author or co-author, in the field of corporate governance, auditors, pension funds, corporate boards, and sustainability. More recently, during her term as CMVM Chair, Gabriela has focused on Environmental, Social, and Governance (ESG) matters and integrity of professionals in financial information and management. With such a focus, she has led a progressive mindset transformation amidst the Portuguese market stakeholders towards a more sustainable and ethical financial ecosystem.


Gabriela holds a bachelor’s degree and a master’s degree in law from the Coimbra University Law School. She did extensive academic research in several Universities in the UK and US and holds a certificate in Leadership and Communications from Nova University (Lisbon).

Carolynn Chalmers

Chief Executive Officer, Good Governance Academy

Carolynn Chalmers is the Chief Executive Officer of Professor Mervyn King’s Good Governance Academy and its initiative, The ESG Exchange. She has edited two international standards: ISO 37000:2021 – Governance of organizations – Guidance and its associated Governance Maturity Model, ISO 37004:2023.


Carolynn makes corporate dreams come true, assisting leaders and leadership teams in how to create value for their organisations. She makes use of her expertise and experience in corporate governance, organizational strategy, Digital Transformation, and IT to do so.


Carolynn is an Independent Committee Member of South Africa’s largest private Pension Fund, the Eskom Pension and Provident Fund, and recently retired as Independent Committee member of several board committees for the Government Employee Medical Scheme. Carolynn has extensive management, assurance and governance experience and has held various Executive roles for international, listed, private and public organisations across many industries.


Carolynn is best known for her successes in establishing governance frameworks, and designing and the leading large, complex initiatives that can result. She attributes this success to the application of good governance principles. She shares her insights on her 2 LinkedIn Groups – Applying King IV and Corporate Governance Institute. 

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