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IAASB proposes to enhance its operating procedures

  • International Auditing (lt green) Image

19 Jul 2004

The International Auditing and Assurance Standards Board (IAASB) has issued an exposure draft proposing certain enhancements to its due process and working procedures.

The enhancements are designed to increase confidence that the activities of the IAASB are properly responsive to the public interest and will lead to high quality international standards. Proposed enhancements include:
  • Public forums or round-tables, or the issue of consultation papers, where wider or further input would be appropriate.
  • Enhanced meeting agenda material and easier access to comment letters to assist in its deliberative process.
  • An expanded description of the process by which the IAASB considers the need to re-expose a draft IAASB international standard or practice statement.
  • The possibility of issuing a separate document explaining its basis for conclusions on final IAASB international standards or practice statements where necessary.
  • A process to address circumstances where issues over due process are raised with the IAASB.
For IAASB's press release, including a link to download the exposure draft, Click Here (PDF 89k). Comment deadline is 15 October 2004.

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