Genuine Learning Blog: IAASB Strategy & Work Plan 2024-2027

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GAO issued their Improper Payments: Information on Agencies’ Fiscal Year 2023 Estimates report (GAO-24-106927) on March 26, 2024 which provides details on the $236 billion in improper payments in FY 2023 which was concentrated in 5 programs. We’ll review the key findings from this report.

The IAASB has issued their 2024-2027 Strategy & Work Plan titled Elevating Trust in Audit & Assurance. The document lays out the strategic priorities of the IAASB over the next 3 years with an update on projects and goals.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Do you think the US will have similar initiatives?

IAASB’S STRATEGY AND WORK PLAN

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