IAASB issues updated framework for activities to guide selection and prioritization of actions
May 04, 2021
On May 4, 2021, the International Auditing and Assurance Standards Board (IAASB) published its new Framework for Activities. The Framework describes the IAASB’s operating processes and procedures for advancing standard setting and other related activities.
The IAASB developed the Framework to support a more agile standard-setting process. The Framework also provides additional public transparency around the IAASB’s prioritization activities, beyond the formally approved due process. The Framework sets out the different components within the IAASB’s due process for advancing topics onto and through the IAASB’s work plan.
Review the press release and Framework on the IAASB's website.