Page 6 - Auditing and Assurance Standards Board Annual Report 2014-2015
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4 AASB Annual Report 2014-2015

• effectiveness of practice inspections; and
• an environment where there is support from, and appropriate interactions among,

practitioners and other participants in the financial reporting supply chain.
Accordingly, achieving the AASB’s mission is subject to contributing factors outside the AASB’s
control. The AASB’s strategic plan focuses on goals and objectives that are within the AASB’s
control and contribute to achieving its mission.
The AASB has identified two long-term goals that it believes are critical to achieving its mission:
• set high-quality standards and guidance that meet the needs of Canadian stakeholders; and
• maintain a strong Canadian standard-setting capability to respond to the needs of Canadian

stakeholders for standards.
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