The International Auditing and Assurance
Standards Board (IAASB) has launched a consultation on
its proposed strategy and work programme for 2012–2014.

The consultation paper was developed with
contributions from its April 2010 strategy survey and other
consultation and outreach activities. It highlights issues facing
the accounting profession and suggests future priority activities
for the IAASB.

The IAASB will focus on three strategic
areas:

  • Developing and revising standards and
    pronouncements;
  • Monitoring and facilitating adoption of those
    standards; and
  • Responding to implementation concerns and
    improving the consistency of the standards’ practical
    application.

The deadline for comment on the consultation
paper is 4 April 2011.

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