U.S. Auditing Standards Coordinating Forum

• Composed of PCAOB, GAO, ASB (AICPA)

• Meets several times each year, with ongoing staff coordination

• Seeks to:

  • Maximize complementary standards and coordinate agendas
  • Minimize duplicative or competing efforts, where possible
  • Work toward consistency, where appropriate
  • Identify any significant gaps not being addressed
  • Develop strategies for modernizing the auditing profession both in the U.S. and globally