International Auditing and Assurance Standards Board
The International Auditing and Assurance Standards Board (IAASB) is an independent standards body which issues standards, like the International Standards on Auditing, quality control guidelines and other services, to support the international auditing of financial statements. It is a body supported by the International Federation of Accountants (IFAC). The Public Interest Oversight Board provides oversight of the IAASB, ensuring that the standards are in the public interest.
To further ensure proposed standards are in the public interest the IAASB consults its Consultative Advisory Group, which is composed of standard setters, various international organizations from the private and public sectors, and regulators. Representatives include a balance of users and prepares of financial statements, and should to the extent practicable be balanced geographically.
Founded in March 1978 as the International Auditing Practices Committee (IAPC), the IAASB's current strategic themes include:
- Supporting global financial stability
- Enhancing the role, relevancy and quality of assurance in an evolving world
- Facilitating adoption and implementation of the standards it sets
- International Organization of Supreme Audit Institutions
- International Public Sector Accounting Standards
- "IAASB". International Federation of Accountants. Retrieved 2013-07-26.
- "International Auditing and Assurance Standards Board (IAASB)". Deloitte. Retrieved 2013-07-26.
- "Knowledge guide to International Standards on Auditing (ISA)". Institute of Chartered Accountants in England and Wales. Retrieved 2013-07-26.
- "Public Interest Oversight Board". International Federation of Accountants. Retrieved 2013-07-27.
- Norris, Floyd (March 1, 2005). "Global Overseer of Auditing Rules Is Born". The New York Times. Retrieved 2013-07-27.
- About IAASB