Enhanced search function
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.
|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. Read More
by Cédric Gélard, Director, International Affairs, CNCC/CSOEC-France | November 2, 2015 |
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 |
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
How Valuable Is Client Confidentiality to You?
by Andreas Noodt, Former Member, IFAC SMP Committee and Gillian Waldbauer, Head of International Affairs, Institut der Wirtschaftsprüfer | August 24, 2015 |
Andreas Noodt, member of the IFAC SMP Committee and his Technical Advisor Gillian Waldbauer summarize, and invite debate, on the IESBA’s Exposure Draft on non-compliance with laws and regulations from the global perspective of professional accountants in public practice, and SMPs, in particular. Read More
Research Insights—Impacts of Audit Firm Tenure and Auditor-Provided Non-Audit Services on Audit Process Quality
by Monika Causholli, Assistant Professor of Accounting, Gatton College of Business and Economics at the University of Kentucky, Timothy B. Bell, Professor of Accounting, University of North Florida and W. Robert Knechel, Director, International Center for Research in Accounting and Auditing | June 19, 2015 |
According to a study, audit process quality declines when audit firm tenure becomes long or fees from auditor-provided non-audit services become large for audits of privately held clients, but not for audits of publicly held clients. 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