The AICPA’s Auditing Standards Board (ASB) is inviting public feedback on its proposed 2026-2030 strategic plan, which outlines key initiatives aimed at advancing audit and assurance standards for private companies.

According to a release from the AICPA, the plan focuses on five priorities: developing high-quality standards in the public interest, improving stakeholder communication, thinking and operating strategically, keeping standards relevant amid change and supporting effective implementation and application. 

ASB Chair Sara Lord emphasized the importance of stakeholder input in shaping the board’s work, particularly in emerging areas like sustainability assurance and fraud detection.

The ASB is also advancing its 2025 work plan, which includes addressing sustainability reporting, enhancing auditor responsibilities related to fraud and reviewing public comments on two recent exposure drafts. These drafts props changes to external confirmations and review engagements where scope limitations exist, with comment deadlines set for Jun 30 and May 30, respectively. 

AICPA Chief Auditor Jennifer Burns said, "“The ASB has several important projects underway, and we are looking forward to the public comments.” She also highlighted efforts to simplify the feedback process, including online surveys and staggered comment periods.

Comments on the strategic plan are due by June 13 and can be submitted via survey or email at commentletters@aicpa-cima.com.