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ARTICLE · 13 FEBRUARY 2023

IAASB Proposes Strategy And Work Plan For 2024-2027

Hogan Lovells Cadwalader
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On January 11, 2023, the International Auditing and Assurance Standards Board (IAASB), a "global independent standard-setting body that serves the public interest by...

United StatesAccounting and Audit
Sara Bussiere
Sara Bussiere
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On January 11, 2023, the International Auditing and Assurance Standards Board (IAASB), a "global independent standard-setting body that serves the public interest by setting high-quality international standards" for the global auditing and assurance profession, proposed a strategy and work plan for 2024 to 2027 (the Plan). The purpose of the Plan was to "accelerate the actions" identified in its 2020-2023 strategy and "[d]evelop the global accepted and leading audit, assurance, and related services standards enabling the performance of high-quality engagements that enhance trust in markets and evolve in a timely manner to meet rapidly changing public interest demands."

The Plan identifies four strategic objectives:

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