The International Auditing and Assurance Standards Board (IAASB) is the independent standard setting body which issue auditing, review, other assurance related services and quality control standards to be applied by the global auditing profession.[1] It is a body initiated by the International Federation of Accountants (IFAC). The Public Interest Oversight Board provides oversight of the IAASB, ensuring that the standards are in the public interest.[2]
The IAASB issues the International Standards on Auditing, professional standards for the performance of audits of financial information.