IAASB Strategy for 2020‒2023 and Work Plan for 2020‒2021
IAASB
Apr 15, 2020 | Annual Reports and Plans
English
Key IAASB Strategy and Work Plan Elements
The strategy sets three strategic objectives to focus IAASB priorities and resources during 2020‒2023:
- Increase the emphasis on emerging issues to ensure that the IAASB International Standards provide a foundation for high-quality audit, assurance and related services engagements
- Innovate the IAASB’s ways of working to strengthen and broaden our agility, capabilities, and capacity to do the right work at the right time
- Maintain and deepen relationships with stakeholders to achieve globally relevant, progressive and operable standards
The Work Plan describes, at the time of the December 2019 approval, how the IAASB intends to increase its focus on emerging issues, while completing the existing work already committed to and underway. In the Work Plan, the IAASB anticipates standard-setting projects on going concern, fraud, and audit evidence, and work to address the needs of auditors of Less Complex Entities, among other topics. To support an evidence-based and structured consideration of new topics, the IAASB Work Plan highlights a new Framework for Activities, comprising several key components, to help the IAASB develop informed and targeted responses to address emerging issues and topics of global relevance.
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Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- IAASB’s New Strategy and Work Plan Focuses on Increased Agility, Enhanced Coordination, and a Priority on Responding to Emerging Challenges
- Proposed Strategy for 2020-2023 and Work Plan for 2020-2021
- IAASB and IESBA Pledge Stronger Alliance at Third Annual Joint Plenary Meeting
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements