Major updates to ISA 240 (Revised) and ISA 570 (Revised) to strengthen auditor responsibilities in these critical areas.
The board consists of 16 members, including a full-time Chair and a Vice Chair, drawn from diverse stakeholder groups.
Report: International Auditing and Assurance Standards April 29, 2026 Subject: Overview and Status of International Auditing and Assurance Standards 1. Executive Summary International Auditing and Assurance Standards ...
The Public Interest Oversight Board (PIOB) monitors the IAASB to ensure all standards are developed in the public interest.
Replaced ISQC 1; focuses on a risk-based approach for firm-wide quality management. (Auditing) Major updates to ISA 240 (Revised) and ISA
Standards for auditing historical financial information (e.g., ISA 700 for audit opinions). (Review)
Ongoing maintenance and support for the ISA for LCE, designed specifically for simpler audit environments. 5. Conclusion Executive Summary The Public Interest Oversight Board (PIOB)
The IAASB’s current strategy and work plan focus on evolving public interest demands: