The IAASB public report, Foundation for the Future, summarises the Board’s achievements from 1 January 2016 to 30 June 2019. Some of the key achievements include:
Approved five new and revised standards.
Issued six exposure drafts and consultation with stakeholders on five key areas.
Published nine project proposals, project updates and feedback statements.
Developed 31 implementation and support resources to help stakeholders better understand and implement the IAASB’s standards
In line with its 2015-2019 strategy, the IAASB’s activities have focused on enhancing audit quality and addressing engagements other than audits of financial statements. The IAASB has also increasingly focused on what more can be done to better understand and address the challenges users face in applying the International Standards on Auditing in audits of less complex entities.