IAASB Work Plan Comment Letter

The CAQ shares its views related to the International Auditing and Assurance Standards Board (IAASB or Board) Proposed Strategy and Work Plan for 2024-2027 (the Work Plan). Overall, we are pleased that the Work Plan focuses on standard setting that supports the performance of high-quality audit and assurance engagements, addressing both the core needs for audits of financial statements and the growing demand for assurance engagements on other subject matters such as sustainability information. Our specific comments focus on 1) the importance of consistency in global auditing and assurance standards; 2) the value of seeking multi-stakeholder input at both the strategic and standard-setting levels; and 3) the importance of transparency in standard setting.

Read the full comment letter.