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International Auditing and Assurance Standards Board |
| IAASB Newswire |
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Arnold Schilder Reappointed to Chair the IAASB from 2012 to 2014 (July 28, 2010) |
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IAASB Proposes Enhanced Standard on Using the Work of Internal Auditors (July 15, 2010) |
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IAASB Proposes New Standard to Strengthen Reporting on Pro Forma Financial Information in Prospectuses (April 28, 2010) |
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IAASB Annual Report Highlights Implementation and Assurance Developments (April 15, 2010) |
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IAASB Launches Online Questionnaire To Inform Development of Its Future Strategy (April 1, 2010) |
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IAASB Welcomes New Auditing Research Initiative (March 16, 2010) |
The International Auditing and Assurance Standards Board (IAASB) serves the public interest by:
- setting, independently and under its own authority, high-quality International Standards on Auditing (ISAs) and assurance standards, and
- facilitating the convergence of national and international auditing and assurance standards.
This contributes to enhanced quality and uniformity of practice in these areas throughout the world, and strengthened public confidence in financial reporting.
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The IAASB's Strategy and Work Program
The Strategy and Work Program, 2009-2011 sets the direction and priorities for the activities of the IAASB for the three year period from January 2009 to December 2011. A summary of the IAASB's conclusions with regard to significant matters raised during the development of the strategy is presented in the Basis for Conclusions: IAASB Strategy and Work Program, 2009-2011.
At present, the IAASB efforts are on the following three areas of strategic focus to achieve its objective:
- Development of standards
- Monitoring and facilitating adoption of those standards
- Responding to concerns about the implementation of the standards by activities designed to improve the consistency with which they are applied in practice
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Development of Standards
The IAASB's pronouncements govern audit, review, other assurance, and quality control and related services engagements that are conducted in accordance with international standards. The IAASB project timetable indicates the timetable to completion for each of the IAASB's standard-setting and guidance projects in process. Detailed project histories are prepared for individual standard-setting projects.
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Adoption and Implementation
The IAASB's clarified International Standards on Auditing (ISAs) are now effective and auditors worldwide are adopting and implementing these standards. The IAASB recognizes that the implementation of its standards is as important as their development and has committed to a number of activities to facilitate effective implementation.
IAASB staff has developed a series of ISA Modules focusing on some of the new and more significantly revised ISAs. Each module consists of a short video and slides that explain the key principles of, and major changes in, individual ISAs. This non-authoritative material is designed to be of assistance to auditors in the field, trainers, and those responsible for promoting adoption and implementation of the clarified ISAs.ISA modules may be downloaded free of charge from the IAASB Clarity Center.
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