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AICPA updates standards for auditors

AICPA's Auditing Standards Board (ASB) has released its work plan for 2026-2027 and a strategic plan for 2026-2030. Key priorities include updating standards to clarify auditor responsibilities regarding fraud, enhancing core attestation standards, and addressing sustainability assurance. The ASB is also considering new guidance on confirmations in financial statement audits and potential amendments to the going concern standard. Additionally, the board is focusing on the integration of artificial intelligence and data analytics in auditing practices. Jennifer Burns, AICPA chief auditor, said: "The ASB is focused on updating standards and guidance to help practitioners deliver quality engagements." For further details, visit the ASB's resource page.

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