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The IAASB issued its strategy and work plan for 2024-2027 that aims at enhancing consistency and quality of audit and assurance standards worldwide and reflects the crucial role of audit and assurance in fostering trust in the world’s economies

Some of its key strategies for 2024-2027 are as follows:

  • Focus on completing priority audit and assurance projects related to fraud, going concern and sustainability assurance
  • Establishing globally accepted standard(s) for assurance on sustainability reporting
  • Engaging with standard setting and regulatory partners to strengthen trust in markets globally
  • Creating more agile and innovative ways of working in line with Monitoring Group’s recommendations to enhance independence and accountability in standard setting.

To access the text of the strategy and work-plan, please click here

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