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 98 articles
Seeking Feedback on Modernized AUP StandardThe IAASB seeks feedback on its Exposure Draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements, which enhances key concepts in the standard, including the role of professional judgment, disclosures relating to practitioners...
by Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | February 13, 2019
What More Can the Accountancy Profession Do to Address the Audit Expectation Gap?Michael Izza, Chief Executive of the Institute of Chartered Accountants in England and Wales, shares his thoughts on the audit expectation gap and how we can move forward to address it.
by Michael Izza, FCA, Chief Executive, ICAEW | February 5, 2019
Future Implementation Support for International Standards on AuditingIFAC is exploring what future implementation support could be developed for practitioners to effectively and efficiently apply International Standards on Auditing.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | January 15, 2019
Technology Will Transform AuditWhile traditional audit and assurance services will remain essential, new accounting technologies are likely to significantly impact the way auditors execute engagements and client services.
by Steve Ursillo, Jr., Partner, Risk Assurance & Advisory and National Leader: Information Assurance & Cybersecurity at Cherry Bekaert | November 30, 2018
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
News and Resources
There are 2026 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Fourth Edition
IFAC - July 25, 2018
Biggest Threat to Audit May Be Tech, Not Regulation
Economia - February 20, 2019
Audit Quality: Is It Time for a Different Approach?
In the Black - February 12, 2019
The Impact of Digital and Artificial Intelligence on Audit and Finance Professionals
ACCA, EY - February 1, 2019
ISA 540 (Revised) Slide Decks
International Auditing and Assurance Standards Board - January 18, 2019
IOSCO Report on Good Practices for Audit Committees in Supporting Audit Quality
IOSCO - January 17, 2019
Thinking Small First: Towards Better Auditing Standards for the Audits of Less Complex Entities
ACCA - January 7, 2019
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