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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 Dr. Elizabeth Gutierrez , Assistant Professor of Accounting, Universidad de Chile, Dr. Kay W. Tatum, Associate Professor of Accounting, University of Miami, Dr. Maria I. Vulcheva, Assistant Professor of Accounting, Florida International University and Dr. Miguel Minutti-Meza, Assistant Professor of Accounting, University of Miami | May 23, 2016 |
Recent research examines the consequences of the new auditor’s report in the UK, in terms of the cost of audits, audit quality, and investors’ reaction to the report’s filing. Read More
Jointly hosted by Grant Thornton and ACCA, a series of roundtable discussions on the future of audit offered valuable insights into what issues the audit profession is currently facing and how it may have to evolve to remain relevant. Read More
Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control, and Group Audits
by Megan Zietsman, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups | May 2, 2016 |
The IAASB discusses its efforts to enhance audit quality, including its call for input on matters relating to the topics of professional skepticism, quality control, and group audits, open for formal consultation until May 16, 2016. Read More
Research Insights—The Impact of the Social Mismatch between Young Staff Auditors with More Experienced Client Management
by Dr. G. Bradley Bennett, Assistant Professor of Accounting, University of Massachusetts, Amherst and Dr. Richard C. Hatfield, Professor of Accounting, The University of Alabama | March 4, 2016 |
Research examines the impact of the social mismatch between young staff auditors with more experienced client management and the implications for audit quality. Read More
Indicadores de calidad de auditoría: ¿qué hemos aprendido durante nuestra travesía?
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 9, 2016 |
Los comités de auditoría desempeñan un rol esencial en el gobierno corporativo por su supervisión de los procesos y las auditorías correspondientes a la información financiera de las compañías. El Centro para la Calidad de Auditoría (CAQ) considera que las métricas cuantitativas fiables del proceso de auditoría —comúnmente denominadas indicadores de calidad de auditoría (AQI, por sus siglas en inglés)— pueden emplearse para informar de manera más efectiva a los comités de auditoría aquellos asuntos importantes que puedan contribuir a la calidad de una auditoría. Read More
- 2015 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
December 4, 2015 - 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