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29 Apr. 2019

Request for comment: Proposed IAASB Strategy for 2020-2023

The Australian Auditing and Assurance Standards Board (AUASB) seeks public comment on its submission to the International Auditing and Assurance Standards Board’s Proposed Strategy for 2020–2023 and Work Plan for 2020–2021.

In its Proposed Strategy for 2020–2023 and Work Plan for 2020–2021, the IAASB puts forth a way forward that it believes meets stakeholders’ evolving needs, and is in the public interest. Enhancing the IAASB’s processes, including using technology and appropriate resourcing, are included in the strategy and are crucial to success. These enhancements will also maximize the impact of our activities, thereby enabling more timely responses to global trends and needs.

The Work Plan highlights the board’s commitment to completing significant projects currently underway, while balancing the needs of different stakeholders.

The AUASB have discussed initial feedback on the Proposed IAASB Strategy for 2020-23 at its April 2019 Board Meeting, and want to consider the views of all Australian stakeholders when forming its final response.

Feedback on this document is requested to the AUASB by 24 May 2019 from all interested stakeholders.