What does the term “public interest” mean to the Auditing and Assurance Standards Oversight Council (AASOC)? In a new paper released in August 2016, they clarify and expand on their responsibility to be satisfied that the standard-setting process is appropriate and responsive to the public interest. A few of the key points outlined in the paper include:
- who are AASOC’s public;
- what are the interests of AASOC’s public; and
- how the organization assesses whether an action, decision or policy is in the public interest.
View or download “AASOC’s Consideration of the Public Interest”
About the AASOC
The Auditing and Assurance Standards Oversight Council (AASOC) is an independent, volunteer body that was established in 2002 to serve the public interest by overseeing and providing input into the activities of the Auditing and Assurance Standards Board (AASB).