IAASB

Presented By
SHERAZ ALAM
ALI HAMZA
M. HASSAN
Presented to Prof. Salman
Introduction:
The International Auditing and Assurance Standards Board
(IAASB) sets high-quality international standards for auditing,
assurance, and quality control that strengthen public
confidence in the global profession.
The International Auditing and Assurance Standards Board (IAASB) is an independent
standard-setting body that serves the public interest by setting high-quality international
standards for auditing, quality control, review, other assurance, and related services, and by
facilitating the convergence of international and national standards. In doing so, the IAASB
enhances the quality and uniformity of practice throughout the world and strengthens public
confidence in the global auditing and assurance profession.
OBJECTIVES:
The IAASB’s Strategy for 2020-2023 and Work Plan for 2020-2021 sets three
strategic objectives to focus IAASB priorities and resources on during 2020‒2023.

1. Increase the emphasis on emerging issues to ensure that he IAASB

International Standards provide a foundation for high-quality audit, assurance
and related services engagements
2. Innovate the IAASB’s ways of working to strengthen and broaden our agility,
capabilities, and capacity to do the right work at the right time
3. Maintain and deepen relationships with stakeholders to achieve globally
relevant, progressive and operable standards
 
The IAASB objective is to serve the public interest by setting
high-quality auditing and assurance standards and by
facilitating the convergence of international and national
auditing and assurance standards, thereby enhancing the
quality and consistency of practice throughout the world
and strengthening public confidence in the global auditing
and assurance profession.
IAPC
Until 2002, the IAASB was known as the International Auditing Practices Committee (IAPC).

IASB pronouncements
International Standards on Quality Control and the International Framework for Assurance
Engagements apply to all types of assurance engagements International Standards on Auditing (ISAs)
and International Auditing Practice Statements (IAPSs) apply to audits International Standards on
Review Engagements apply to reviews International Standards on Assurance Engagements and
International Standards on Related Services apply to assurance engagements other than audits and
reviews.
THANKS