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.
by Fayez Choudhury, Chief Executive Officer, IFAC | October 18, 2016
Last week, the South African Independent Regulatory Board for Auditors (IRBA) announced a timeline for new mandatory audit firm rotation requirements—a policy requiring companies to switch auditors periodically. In the same week, the
There are 64 articles
Audit Data Analytics: Opportunities and TipsThe use of audit data analytics can offer many opportunities for SMPs to enhance audits, as addressed in a recent publication by the World Bank’s Centre for Financial Reporting Reform.
by Bonnie Ann Sirois, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank and Kalina Shukarova Savovska, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank | January 30, 2017
Bringing the Research Community Together with Practicing AccountantsResearch programs provide objective evidence on which to base standard-setting by enhancing reliability and persuasiveness.
by Donna Street, Professor, Mahrt Chair in Accounting, University of Dayton | January 26, 2017
Research Insights—Auditor Professional Skepticism Part III: Competence (Fraud Detection), Traits, and Conclusions & Future ResearchThis three-part series summarizes academic research in the area of auditor professional skepticism and identifies key observations in the areas of incentives, time, mindset, environmental and contextual factors, and personality traits.
by Joseph F. Brazel, Professor of Accounting and University Faculty Scholar, North Carolina State University and Tammie Schaefer, Assistant Professor of Accounting at the University of Missouri, Kansas City | January 3, 2017
Engagement and Outreach in Support of the New Auditor’s ReportThe IAASB’s new auditor reporting standards become effective this week—the IAASB continues to engage its stakeholders to support implementation.
by Natalie Klonaridis, IAASB Principal | December 14, 2016
The IASB's Priorities to 2021: An Interview with Hans Hoogervorst, ChairmanHans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), explains why the board does an agenda consultation every five years. While the IASB is currently focused on completing its work on insurance and its
by Hans Hoogervorst, Chairman, International Accounting Standards Board | December 13, 2016
News and Resources
There are 1935 news/resources
Banishing Bias? Audit, Objectivity and the Value of Professional Skepticism
ACCA - May 10, 2017
IAASB Data Analytics Video
International Auditing and Assurance Standards Board - April 26, 2017
Rethinking the Audit
Journal of Accountancy - April 26, 2017
How Are Banks Embracing AI?
ICAS - April 25, 2017
How AI Will Turn Auditors into Analysts
Accounting Today - April 24, 2017
IAASB Proposes Modernization of Financial Estimate Audits in Support of Audit Quality
International Auditing and Assurance Standards Board - April 20, 2017
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