AASB releases Consultation Paper on its 2026-2029 Strategic Plan

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Apr 17, 2024

On April 17, 2024, the Auditing and Assurance Standards Board (AASB) released a consultation paper to seek inputs for its 2026-2029 Strategic Plan.

According to the AASB, the draft Strategic Plan 2026-2029 has been crafted carefully considering the changing environment and the diverse needs of interested and affected parties. Building on the foundation of the current strategy, the new plan now leverages the emerging issues monitoring process. It prioritizes an ongoing commitment to connect through a tailored engagement process. This iterative approach ensures that activities remain responsive to the needs of the community in the face of emerging challenges and opportunities.

The strategic goals for 2026-2029 are as follows:

  • Monitor and understand emerging issues in the changing environment to better anticipate standard setting needs.
  • Engage and collaborate with interested and affected parties to understand their needs and expectations.
  • Set high-quality standards and guidance that respond to the evolving needs and expectations of interested and affected parties.
  • Enhance standard-setting processes and capabilities to develop timelier solutions.
  • Support the effective implementation and application of standards and guidance to enhance consistency and quality in engagement performance.

The response deadline to collect inputs through the survey is June 28, 2024.

Access the draft strategic plan and the survey on the AASB’s website.

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