The report identifies several strategic initiatives the ASB will use to help form its agenda:
- Improve the value of the financial statements audit by using
technology to provide real-time assurance, by addressing public
expectations about assurance and by developing value-added services.
- Broaden the use of attestation standards by making them clearer
and more flexible.
- Strengthen the board's leadership role in international standard
setting by working with other bodies.
- Enhance the usefulness of the different types of guidance available to auditors (such as SASs and audit and accounting guides) and make them more accessible.
"Among other issues, we're concentrating on using attestation standards to do more," said Gerson. "We want auditors to stretch themselves."
Horizons for the Auditing Standards Board is available exclusively on AICPA Online at www.aicpa.org/members/div/auditstd/horizon/index.htm.