International Auditing and Assurance Standards Board (IAASB)

The International Auditing and Assurance Standards Board (IAASB) is an organization that develops global standards for auditing, assurance, and related practices. Its goal is to enhance the quality and consistency of audits, which helps ensure that financial statements are trustworthy and accurate. This is important for investors, regulators, and the public, as it promotes confidence in financial reporting. By establishing these standards internationally, the IAASB helps to facilitate trust and transparency in the business environment, ensuring that auditors operate with a common framework and uphold high ethical standards.