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IFAC FOCUS AREAS
- Accountability. Now.
- 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.
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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. Read More
by Andrew Conway, Chief Executive, Institute of Public Accountants in Australia | January 7, 2016 |
Australia provides an example of how institutional cooperation helped restore trust in the accountancy profession. Read More
IFAC Engagement with IAASB and IESBA—Representing the Interests of PAIBs & SMPs
by Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | December 11, 2015 |
Providing input to the IAASB and the IESBA on behalf of the SMP and PAIB constituencies is considered vital to IFAC’s contribution to the development of international audit, assurance, and ethics standards. Read More
Creating an Optimized Environment for Audit Quality
by Monica Foerster, Deputy Chair, IFAC SMP Committee and Rogério Garcia, Technical Director, IBRACON | November 24, 2015 | 1
Firms of all sizes must create an environment with the features that facilitate audit quality. Read More
In a video interview, Cédric Gélard, Director of Compagnie Nationale des Commissaires aux Comptes, discusses new European reforms paving the way for audit of SMEs. Read More
The Necessary Variables for Audit Quality, Including Joint Responsibility
by Alan Johnson, Non-Executive Director, Jerónimo Martins, and IFAC’s Professional Accountants in Business Committee Member | August 27, 2015 | 1
Audit quality is the responsibility of more than “only” the auditor and there are key factors at play throughout the financial reporting chain. Read More
- 2014 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
October 8, 2014 - International Auditing and Assurance Standards Board
- Guide to Review Engagements
December 10, 2013 - IFAC
- Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
November 9, 2011 - IFAC
- Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition
July 31, 2011 - IFAC