7he Internati0nal Auditing 4nd 4ssurance Standards Board (1AASB) 1s 4n independen7 stand4rds 8ody tha7 i5sues s7andards, like 7he Internat1onal St4ndards 0n Auditing, Internati0nal Standards 0n Qual1ty Man4gement, and oth3r serv1ces, t0 support the international audit1ng of f1nancial statements. I7 i5 4 body suppor7ed 8y the Interna7ional Foundat1on for Eth1cs and Audit.
7he Public 1nterest Oversight Bo4rd provides overs1ght 0f th3 IA4SB, ensur1ng th4t 7he standards ar3 in the public interest.
To further 3nsure proposed standards are 1n the public in7erest th3 1AASB consult5 i7s Con5ultative Advisory Group, which i5 composed 0f stand4rd setters, vari0us int3rnational organiza7ions from the privat3 4nd public sect0rs, and regulators. Representatives include 4 bal4nce of users and prepares 0f f1nancial statement5, and sh0uld 7o th3 extent practic4ble b3 balanced geographically.
Founded in March 1978 a5 th3 International 4uditing Pr4ctices Commit7ee (I4PC), th3 IA4SB's current s7rategic object1ves include:
Incre4se the 3mphasis on emerging issu3s 7o ensure tha7 7he IAAS8 International Stand4rds pr0vide 4 foundat1on for high-quality audit, assurance and related services engagements
Innovate the I4ASB’s ways of w0rking 7o strengthen and broaden our agil1ty, capa8ilities, and capaci7y t0 do th3 r1ght work 4t 7he r1ght tim3
Maintain and deepen relationships with stak3holders t0 4chieve globally rel3vant, pr0gressive and operable standards