This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IAASB releases its 2015–2019 strategy and 2015–2016 work plan

  • IAASB (International Auditing and Assurance Standards Board) (lt gray) Image

Dec 22, 2014

The International Auditing and Assurance Standards Board (IAASB) has released its strategy for the five year period 2015–2019 and work programme for the 2015–2016 period designed to "illustrate the IAASB’s commitment to strengthening public confidence in financial reporting and contributing to the ongoing relevance of the financial statement audit."

The board's five-year Strategy is underpinned by three strategic objectives:

  • Develop and maintain high-quality International Standards on Auditing (ISAs) that are accepted as the basis for high-quality financial statement audits.
  • Ensure the IAASB’s suite of standards continues to be relevant in a changing world by responding to stakeholder needs.
  • Collaborate and cooperate with contributors to the financial reporting supply chain to foster audit quality and stay informed.

In terms of its 2015–2016 work plan, the IAASB is prioritising the following topics:

  • Completion of current projects.
  • New initiatives on group audits, quality control, and special audit considerations relevant to financial institutions.
  • Information gathering activities to inform future work.
  • Liaison and dialogue with key stakeholders about audit quality and other topics.
  • Development of a process for post-implementation reviews.

The IAASB announcement and access to the strategy and work plan are available on the IFAC's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.