AICPA Auditing Standards Board Publishes 2026-2030 Strategic Plan Including AI and ESG Guidance

Summary

The American Institute of CPAs' Auditing Standards Board (ASB) has released a work plan for 2026-2027 and a five-year strategic plan covering 2026-2030. The plan encompasses several workstreams including proposed requirements and guidance related to confirmations in financial statement audits, with a vote on this proposal expected at the ASB's May meeting. The board is also assessing potential targeted amendments to its going concern standard, with possible alignment to recent international stan