Innovation, Needs and Future Opportunities (INFO) Working Group
Objective(s) of project
The objective of the INFO Working Group is to explore emerging developments in the audit, assurance and related services fields for the purpose of assisting the IAASB in identifying opportunities for relevant and effective standard setting, or determining other potential actions, in a timely and informed manner.
One of the key messages from the IAASB’s consultations for its Strategy and Work Program, 2012–2014 (Strategy) was the need for the IAASB to embrace innovation in its consideration of future standard-setting projects and initiatives addressing audit, assurance and related services, and thereby maintain the role and relevance of such services in an evolving world.
At the same time, the IAASB recognized the need to consider relevant emerging developments in these fields thoroughly to ensure that any resources devoted to pursuing standard-setting projects or related initiatives will lead to relevant and effective outcomes.
Terms of Reference of the INFO Working Group
The IAASB Steering Committee will review the Terms of Reference for the Working Group every two years.
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