Objective: To serve the public interest by developing, updating and communicating comprehensive standards and practice guidance that enable practitioners to provide high-quality, objective audit services to nonissuers and attestation services in an effective and efficient manner. The ASB carries out its mission by (1) developing auditing, attestation, and quality control standards that inspire public trust, (2) contributing to the development of high quality international auditing and assurance standards, and (3) responding timely to the need for guidance and communicating it clearly to the profession and to users.
Qualifications/requirements: The ASB is a committee of nineteen members, consisting of public practitioners, members with state board of accountancy experience, users, and public members. Members are appointed within the following guidelines: local, regional and other non big four national firms (5); NASBA nominated representatives (5); big four firms (4); users and public members (5). Customarily, one seat is reserved for a government official or an auditor of government entities, and one seat is reserved for an academician. Members must be conversant with professional standards.
Meeting format: 2 in-person, 5 via videoconference