IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
Audit & Assurance
Accounting firms offer a wide range of professional services to their clients, including audit, review, other assurance, and related services. These services are regulated, with many jurisdictions requiring compliance with international standards or national requirements that have been based on international ones. High-quality international standards increase the comparability, consistency, clarity, credibility, and transparency of financial information. And, high-quality financial information, in turn, increases the stability of the global financial infrastructure. See the full overview.
Implementation support for the new and revised IAASB Auditor Reporting standards, including links to Key Audit Matters (KAM) examples.
There are 94 articles
Strengthening Assurance for Non-financial InformationPeople need reliable corporate information to decide if they will invest, buy products or sign an employment contract—Non-financial corporate information is essential to get the full picture of a company’s performance, which financial information...
by Vita Ramanauskaite, Advisor, Accountancy Europe | October 22, 2018
Guide to Using ISAs in the Audit of SMEs, Fourth EditionDawn McGeachy, Accounting & Assurance Partner at Colby McGeachy Professional Corporation and IFAC Small and Medium Practices Committee member, provides an update on the Guide to Using ISAs in the Audit of SMEs, Fourth Edition .
by Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | October 9, 2018
Enhancing Audit DocumentationEd Fox, Global Head–Audit Quality at Grant Thornton International, discusses the findings from external regulators on the quality of audit documentation and provides his recommendations on how firms can address re-performance requirements, timing...
by Ed Fox, Global Head-Audit Quality, Grant Thornton International | October 2, 2018
News and Resources
There are 2012 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Fourth Edition
IFAC - July 25, 2018
ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures
International Auditing and Assurance Standards Board - October 27, 2018
Understanding Reports on Financial Statements: Audit, Review and Compilations
CPA Canada - October 22, 2018
Professional Skepticism Lies at the Heart of a Quality Audit
International Auditing and Assurance Standards Board - October 18, 2018
IAASB Modernizes Auditing of Accounting Estimates in Support of Audit Quality
International Auditing and Assurance Standards Board - October 3, 2018
Internal Audit: To Outsource or Not?
ICAS - September 24, 2018
How Robotic Process Automation Is Transforming Accounting and Auditing
The CPA Journal - September 24, 2018
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