International Standards on Auditing (ISAs) are guidelines established to ensure the quality and consistency of audits worldwide. They provide a framework for auditors to follow, promoting transparency and accountability in financial reporting. ISAs help enhance the reliability of financial statements, which is crucial for stakeholders like investors and regulators. These standards are developed by the International Auditing and Assurance Standards Board (IAASB) and are adopted by many countries to improve the effectiveness of audits. By adhering to ISAs, auditors can better assess risks, gather evidence, and communicate findings, ultimately fostering trust in the financial reporting process.