The Public Interest Oversight Board’s (PIOB) Standard-Setting Boards Nominations Committee is now accepting applications for three practitioner vacancies on the International Auditing and Assurance Standards Board (IAASB), with terms beginning January 1, 2027. The application window remains open until May 3, 2026.

Serving as a member of the IAASB is a unique opportunity for experienced professionals to help shape global auditing and assurance standards in the public interest. These vacancies are for individuals who meet the Monitoring Group’s definition of a practitioner—those currently or recently affiliated with a public accounting firm within the last four years.

The PIOB seeks candidates with strong technical expertise and practical experience to support the IAASB’s delivery of its 2024–2027 Strategy and Work Plan and to help frame its 2028–2030 Strategy and Work Plan. In particular, candidates with experience in areas such as the application and implementation of International Standards on Auditing (ISAs), insights into network firm methodologies across jurisdictions, and knowledge of emerging topics—including technology and quality management—are encouraged to apply.

IAASB members play an increasingly strategic role within the IAASB’s multi-stakeholder composition of sixteen members. Supported by an expanded and enhanced technical staff, IAASB members help guide the development of relevant, timely, and high-quality international standards that strengthen trust and confidence in financial reporting worldwide.

In addition, the PIOB has issued an Invitation for Application for three vacancies on the International Ethics Standards Board for Accountants (IESBA)—including one practitioner and two non-practitioner roles—providing experienced professionals a chance to contribute to IESBA’s strategic development of ethics and independence standards in the public interest.

For more details on the nomination process, visit the PIOB’s nominations web page or contact SSBNominations@ipiob.org.

About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions

The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) welcome the appointment of Emily Fitts as the new Chair of the Monitoring Group. The Monitoring Group is a group of international financial institutions and regulatory bodies committed to advancing the public interest in areas related to international audit standard setting and audit quality.

Commenting on Ms. Fitts’ appointment, Gabriela Figueiredo Dias and Tom Seidenstein, Chairs of the IESBA and IAASB respectively, said: 

“We are pleased to welcome Emily Fitts as the new Chair of the Monitoring Group. Her extensive experience in public accounting and public service, including her leadership on international audit and standard-setting matters at the U.S. Securities and Exchange Commission, brings valuable insight to this important role. 

“The Monitoring Group plays a vital role in supporting the credibility and effectiveness of the international audit, assurance, ethics, and independence standard-setting system. We are confident that under Ms. Fitts’ leadership, the Monitoring Group will continue to advance high-quality global standards that serve investors and the broader public interest. 

“We look forward to working closely with Ms. Fitts and continuing our strong engagement with the Monitoring Group. Together, we remain committed to ensuring that international standards evolve in step with the needs of global markets and stakeholders. 

“We also thank Ryan Wolfe for his leadership and contributions during his tenure as Chair.” 

Note for Editors
Monitoring Group Members: The Basel Committee on Banking Supervision, European Commission, Financial Stability Board, International Association of Insurance Supervisors, International Forum of Independent Audit Regulators, International Organization of Securities Commissions, and the World Bank

About IAASB and IESBA 
The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants are part of the International Foundation for Ethics and Audit (IFEA), a nonprofit organization that supports high-quality, international ethics, audit, and assurance standards in the public interest. The IAASB and IESBA develop and issue their standards independently and in accordance with an approved due process and the Public Interest Framework, overseen by the Public Interest Oversight Board. 

The IAASB develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. 

The IESBA is an independent global standard-setting board that serves the public interest by developing high-quality international ethics and independence standards. These standards promote ethical behavior in business and strengthen public trust in financial and non-financial information, which is essential for the effective functioning and long-term sustainability of organizations, markets, and economies worldwide. 

The IAASB and IESBA develop and issue their standards independently and in accordance with an approved due process and the Public Interest Framework, overseen by the Public Interest Oversight Board. 

For copyright, trademark, and permissions information, please visit Permissions. 

Professional skepticism is fundamental to a high-quality audit. It is not a single step; it is a mindset maintained throughout the audit.

In this short video, the IAASB highlights the importance of pausing to critically assess audit evidence, challenge assumptions, and remain alert to conditions that may indicate possible material misstatement due to fraud or error.

Through a series of reflective prompts, The Skeptic’s Pause encourages auditors to consider whether they have obtained sufficiently persuasive evidence, addressed higher assessed risks appropriately, and remained mindful of potential bias.

Watch the video and reflect on how maintaining professional skepticism strengthens audit quality and supports the public interest.

Expected publication Date: 2026-04-30

Expected publication Date: 2026-09-01

Expected publication Date: 2026-07-31

The International Auditing and Assurance Standards Board (IAASB) has launched a public consultation survey as part of its post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures.

ISA 540 (Revised) established more robust requirements and appropriately detailed guidance to foster audit quality by driving auditors to perform appropriate procedures in relation to accounting estimates and related disclosures. The standard was effective for audits of financial statements for periods beginning on or after December 15, 2019.

This survey seeks input from a broad range of stakeholders and includes questions tailored to differing perspectives and experiences of various stakeholder groups. Survey feedback will help the IAASB assess whether:

• ISA 540 (Revised) has achieved its intended objective, including improvements or benefits arising from its application, as well as any practical challenges or questions encountered; and
• Any further actions by the IAASB are needed to address matters identified.

The survey focuses on three principal areas:

• Overall views on ISA 540 (Revised), including related to non-authoritative guidance and tools that were issued to support implementation of the standard;
• Perceived benefits resulting from implementation of the revised standard; and
• Potential issues, challenges, or impacts experienced or observed relating to ISA 540 (Revised).

Stakeholders may respond to all questions or only those most relevant to their perspectives. All responses will form part of the public record. The survey is open until June 15, 2026, and can be accessed online here.

About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions.

The International Auditing and Assurance Standards Board (IAASB) today published a summary of feedback from its global Technology Quality Management roundtables, which explored how emerging technologies—including artificial intelligence—are affecting audit and assurance engagements and the application of the IAASB’s quality management standards.

The roundtables, held in the second half of 2025, brought together more than 240 stakeholders from six continents, including auditors, regulators, standard setters, firms, and technology specialists. Discussions focused on current and emerging uses of technology in audit and assurance, related governance and risk management challenges, and stakeholder expectations for maintaining trust and consistency in the use of emerging technological tools, including AI-enabled tools in engagements. This starts with robust quality management of such tools.

“At a time when the use of AI in audit and assurance is expanding rapidly, stakeholders told us clearly that global consistency and practical clarity matter,” said Tom Seidenstein, IAASB Chair. “The roundtable feedback confirms that our quality management standards remain robust and principles-based, while highlighting areas where additional non-authoritative guidance could support consistent application as technologies continue to evolve.”

Participants broadly agreed that the IAASB’s quality management standards—particularly International Standard on Quality Management (ISQM) 1 and International Standard on Auditing (ISA) 220 (Revised)—provide a strong foundation for managing technology-related risks. At the same time, stakeholders noted that the IAASB could assist by developing additional practical guidance to help address challenges associated with emerging technologies.

The IAASB will use the roundtable feedback, along with other stakeholder feedback, to inform its future work on Technology Quality Management. In December 2025, the IAASB approved the development of non-authoritative material. At its March meeting, the IAASB will discuss a proposed action plan that includes the objective and scope of the initiative, identification of possible themes or topics to be addressed, the proposed development process and coordination with the International Ethics Standards Board for Accountants (IESBA) and other organizations.

The summary report, Technology Quality Management Roundtables: Outcomes and Next Steps, is available on the IAASB website.

More information about the Technology Quality Management initiative, including ongoing updates, is available on the IAASB’s project web page.

About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions.

This feedback summary shares the results of the IAASB’s global Technology Quality Management roundtables, which explored how emerging technologies, including artificial intelligence, are affecting audit and assurance engagements and the application of the IAASB’s quality management standards.