<p><span>The Monitoring Group (MG) is responsible for the overall governance of the international audit and ethics standard-setting system, including conducting periodic effectiveness reviews. In July 2020, the MG issued its recommendations </span><a shash="ugW3AUMvSy/zzyc76KnwvzyJBemSIF2EVd+lypEhyJyyahVmAmWm/5nan0R3HAPVgtffxvlSPDBDuGfhDlzfKXRp8bzSJEnR6xws+oukRHbc+fWIDatgGFSq6FZS6ZjePQ1Bb3zp/ZQfe52m3smf7D6wyAQYL6AtQ9Mm01QEGPQ=" originalsrc="https://www.iosco.org/about/monitoring_group/pdf/2020-07-MG-Paper-Strengthening-The-International-Audit-And-Ethics-Standard-Setting-System.pdf" href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.iosco.org%2Fabout%2Fmonitoring_group%2Fpdf%2F2020-07-MG-Paper-Strengthening-The-International-Audit-And-Ethics-Standard-Setting-System.pdf&data=05%7C01%7Cmailing-lists%40iosco.org%7C2e42eee356dd438da2f108dad44b7af9%7Cbcc6c66cdb3b48328af2cc363a097444%7C0%7C0%7C638055717897947005%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=2yGM1fzTd2xNY%2BxM6c47mNdGdcZT0T3%2FFWk2fJBPySU%3D&reserved=0" target="_blank">Strengthening the International Audit and Ethics Standard-Setting System</a><span> (Recommendations, MG Recommendations, or MG Reforms).</span></p>