The International Auditing and Assurance Standards Board (IAASB)

The International Auditing and Assurance Standards Board (IAASB) is an independent organization that develops global guidelines for auditors and assurance providers. Its goal is to ensure that financial statements and reports are prepared and examined consistently, accurately, and reliably across different countries. These standards help build trust among investors, companies, and regulators by promoting high-quality audits and assurance services. Essentially, the IAASB creates rules that auditors follow to deliver credible evaluations of financial information, fostering transparency and confidence in the financial markets worldwide.