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 101 articles
Examining Automation in AuditResearch explores the automation in audit through robotic process automation in two case studies covering risk assessment and tests of details, Intelligent Process Automation and the potential impact of both on audit quality and the future skills...
by Abigail Zhang, PhD Candidate, Accounting Information Systems, Rutgers Business School, Andrea M. Rozario, CPA, CPA, PhD Candidate, Accounting Information Systems, Rutgers University and Dr. Miklos A. Vasarhelyi, Ph.D, KPMG Distinguished Professor of Accounting Information Systems and Director of the Rutgers Accounting Research Center & Continuous Auditing and Reporting Laboratory, Rutgers University | April 1, 2019
The IAASB’s Enhancements to Quality ManagementThe IAASB recently released for public comment three interrelated exposure drafts that address quality management—The proposals bring important changes to the way professional accountancy firms are expected to manage quality—for audits, reviews...
by Joy Thurgood Principal, IAASB | March 15, 2019
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
News and Resources
There are 1867 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Fourth Edition
IFAC - July 25, 2018
Evolution in Auditing
Center for Audit Quality - April 15, 2019
IAASB Quality Management Webcast Series: Firms' Risk Assessment Process
International Auditing and Assurance Standards Board - April 4, 2019
Evidence on the Value of Audit for SMEs in Europe
EFAA - April 3, 2019
Audit Insights: Construction
ICAEW - March 29, 2019
Modular Thinking-The Future of Audit?
Chartered Accountants ANZ - March 26, 2019
How Technology and Data are Transforming Accounting and Audit
In the Black - March 22, 2019
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