Auditing Standards Board Solicits Feedback on Challenges Facing Accountants

The International Auditing and Assurance Standards Board (IAASB) is launching an online questionnaire to inform the development of its strategic direction and related work program for 2012-2014. The initiative is part of the IAASB's broader mandate to consult with key stakeholders to determine which issues should be addressed by the board.


"Input from the public is an important part of the IAASB's due process," says Arnold Schilder, IAASB Chair. "It is essential that the IAASB reach out to the broadest group possible to solicit and incorporate outside views. This helps the board determine its future strategic direction and at the same time-ensures that the board addresses the most relevant issues relating to auditing and financial reporting."


The questionnaire is the first stage of the IAASB's 18-month consultation process.  Through the survey, the IAASB seeks feedback on the challenges facing the accountancy profession, the IAASB's current strategic focus on the development, adoption, and implementation of standards, the needs of small and medium practices, and current and future projects, among other topics.


The results of the questionnaire will be used to develop a formal Consultation Paper, to be issued in December 2010, outlining the IAASB's strategic focus and the potential projects that might best support this focus.

The questionnaire takes no more than 30 minutes to complete and can be accessed online. The IAASB encourages all those with an interest in IAASB-developed international pronouncements to submit responses, which are requested by May 14, 2010. 


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