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Survey on IAASB's future strategy

May 25, 2018
The International Auditing and Assurance Standards Board (IAASB) has started the consultation process about its future strategy. It recently released a strategy survey to seek views and insights from its stakeholders on emerging developments and trends that are likely to be important to its 2020-2023 strategy.

The survey serves as an important tool to help identify key issues for consideration in developing its future strategy in the context of the IAASB’s broad strategic focus and the changing environment, and with the overriding objective of serving the public interest.

The input from the survey will help inform the development of a consultation paper on the IAASB’s 2020-2023 strategy, which is expected to be published at the end of 2018.

The IAASB is looking to obtain the views of its stakeholders on areas of future focus as the IAASB continues its work on current projects, including revisions of the standards on auditing accounting estimates; identifying and assessing risks of material misstatement; and quality control for firms and audit engagements, and undertakes work on agreed upon procedures engagements and emerging forms of external reporting.

The IAASB seeks input from all interested stakeholders. The survey will remain open until 24 July 2018.

Source: The International Auditing and Assurance Standards Board.