IAASB - IASB Liaison

Objective

The objectives of the working group are:

  • Provide written comments to International Accounting Standards Board (IASB) regarding potential verifiability or auditability issues arising from their proposals;
  • Share information within the working group regarding recent financial reporting developments that may impact the remit of the working group; and 
  • Assess the auditing implications arising from newly issued IASB pronouncements.

Background

In 2009 the Board decided to start the initiative to monitor relevant IASB projects to help ensure relevant auditing considerations are part of the development of International Financial Reporting Standards (IFRSs). From 2009–2011 there were 7 separate working groups that dealt with IASB’s projects that could have significant verifiability or auditability issue. s. In 2011 a standing Working Group was established.

Issued Document

Issued Document