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Envisioning the Future―Survey on the IAASB’s Future Strategy

Envisioning the Future―Survey on the IAASB’s Future Strategy

Purpose of the Survey and Why It Is Important?

The International Auditing and Assurance Standards Board (IAASB) is committed to the goal of developing a set of international standards which are generally accepted worldwide. There are now 128 jurisdictions using or committed to using IAASB’s Clarified ISAs.

The IAASB is approaching the development of its future strategy and work plan with an open mindFor example, it may be the appropriate time to consider whether another reform of the IAASB’s standards and activities, including the way that the activities are undertaken, is needed . The IAASB’s strategy consultation process for the period 2020–2023The period of the strategy has changed to 4 years to align with the end of the strategy period for the International Ethics Standards Board for Accountants. starts with this stakeholder survey This survey is intended to help identify key issues for consideration in developing its future strategy in the context of the IAASB’s broad strategic focus, and the changing environment, and with the overriding objective of serving the public interest. The input from this survey, as well as direct engagement with a wide range of stakeholders through outreach efforts, including focus groups, will inform the development of the IAASB’s Consultation Paper on its future Strategy and Work Plans, expected to be released at the end of 2018. The Consultation Paper will contain a more robust description of the matters addressed by the survey, and will solicit comments in the form of written responses from stakeholders. Your responses to this survey will assist the IAASB in identifying strategic themes to be addressed as it develops its Consultation Paper later in 2018.
Monitoring Group Review on the IAASB’s Structure, Governance and Oversight

The IAASB is closely following the consultation currently underway by the Monitoring Group (MG) on the IAASB’s structure, governance and oversight.  Changes are expected that will impact the 2020–2023 strategy period, including the IAASB’s operations and its capacity to undertake, progress and complete projects. Notwithstanding that this review is currently underway, the IAASB still believes it is important to continue with the strategy development process in light of the importance of the smooth continuation of the IAASB’s activities until and during any changes resulting from the MG consultation. As the MG works to finalize the outcome of its consultation, the IAASB believes it is important to embrace the change that is coming by considering actions, where possible and appropriate, to pilot some of the proposals in the MG’s Consultation Paper. Such piloting may include for example, operating as a more strategically focused Board, considering changes to the technical Staff team and the way in which they support specific projects and seeking enhanced coordination between the IAASB and the International Ethics Standards Board for Accountants (IESBA).
What the IAASB is asking in this Survey

We are requesting input from all interested stakeholders and request that survey respondents complete and submit Sections III and IV by July 24, 2018. 
  • Section I―Describes the current Strategy and IAASB projects and initiatives, including background to the projects underway and the expected timing of completion. This will assist respondents understand which projects continue into 2020 (thereby providing context about how the IAASB will begin its 2020—2023 strategy period). 
  • Section II―Broadly describes the IAASB’s views about what may affect the IAASB in 2020–2023—including the implications for its people, processes, technology and activities..
  • Section III―Information about respondents, including the capacity in they are completing the survey. 
  • Section IV―Specific questions for respondents.
Responses will be made available on the IAASB’s website after the close of the survey.

Section I & II is for information purposes only, we strongly encourage respondents to read through the information, but is not critical to the completion of this survey.