LATEST UPDATE

Committee for Auditing Standards Strategy 2026-2030

The Committee for Auditing Standards (CFAS), a statutory committee of the Independent Regulatory Board for Auditors (IRBA), has finalised and approved its Strategy 2026-2030: Innovation and Collaboration for High-Quality Audits. This strategy informs the committee’s work programme and supports the achievement of the objectives set out in the IRBA Strategic Plan for 2026–2030, available here.

The strategy outlines CFAS’s commitment to developing and maintaining high-quality auditing and assurance pronouncements that serve the public interest, respond to emerging developments, and support consistent audit quality. It is underpinned by four strategic themes:

• High-quality pronouncements and public interest commitment to support consistent audit quality
• Integrated pronouncement setting and responsiveness to emerging issues
• Focused consultation with stakeholders
• Advocacy and awareness of CFAS pronouncements and implementation guidance

The strategy is available in PDF format and may be downloaded from the IRBA website here.

Interested parties may share comments and suggestions regarding emerging developments for consideration in future updates of the CFAS strategy by emailing standards@irba.co.za.