IAASB Releases 2012 Annual Report—Responding to the Needs of an Interconnected World

    Filter By

     
     

    Press Releases/News Alerts

    Jun 07, 2013
    New York, NY

    English

    IAASB

     

    Find more news & events related to:
    IAASB

    Keep Updated
    Get the latest news delivered to your inbox.

    Get the latest updates delivered straight to your inbox
     

    IAASB Releases 2012 Annual Report—Responding to the Needs of an Interconnected World

    The International Auditing and Assurance Standards Board (IAASB) today released its 2012 Annual Report, Responding to the Needs of an Interconnected World. 

    The annual report highlights the IAASB’s work in the public interest to enhance the quality and consistency of practice throughout the world, and thereby strengthen the public’s confidence in the global auditing and assurance profession.

    The report covers new and enhanced international standards issued by the IAASB during the year, and the board’s progress on its current standard-setting projects and related initiatives. It also summarizes the IAASB’s outreach activities to obtain input on its deliberations and to keep stakeholders informed of its activities. 

    “Meeting the often diverse needs of stakeholders in today’s world means that the IAASB’s efforts must be clear in their objectives, and impactful in their design. This involves acting on opportunities to engage and dialogue with a broad range of stakeholders, and focusing on what truly matters,” said IAASB chairman Prof. Arnold Schilder. “In 2012, the IAASB made progress on topics relevant to supporting global financial stability – such as improving auditor reporting and the development of an audit quality framework – and on topics that serve to enhance the role, relevance, and quality of assurance and related services, and to facilitate adoption and implementation. Our efforts have been, and will continue to be, inspired by the opportunities that arise from these challenging, yet highly relevant, topics.”

    The annual report also includes a report from the Prof. Linda de Beer, chairman of the IAASB Consultative Advisory Group (CAG), which outlines the work of the CAG in providing input to the IAASB.

    The 2012 IAASB annual report can be downloaded at www.iaasb.org.

    About the IAASB

    The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB, and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC).

    About IFAC

    IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of 172 members and associates in 129 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.

     # # #

     

    Related Resources

     
     
     
     
 

Important Note: Please read our website Terms of Use.

ALL RIGHTS ARE RESERVED. You may not reproduce, store or transmit in any form or by any means, electronic or otherwise, including photocopying, recording, or storage in any type of reference or information retrieval system, nor may you translate, modify or create derivative works or adaptations based on the text of any file, or any part thereof, without the prior written permission of the International Federation of Accountants (IFAC). Please direct permission requests to permissions@ifac.org. See also Permissions Information.