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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
Audit's Future Placed under the Microscope
May 26, 2016 - Accounting Web
Deloitte CEO: Audit Work Presents Opportunity for Area Grads
May 25, 2016 - Biz Journals
Alibaba Facing SEC Investigation over Accounting Practices
May 25, 2016 - Bloomberg
Increased Audit Competition Leads to Opinion Shopping
May 25, 2016 - Accounting Today
PCAOB Bans Hong Kong Firm over Audit Violations
May 23, 2016 - Economia
IAASB Welcomes US PCAOB’s Efforts to Enhance the Auditor’s Report
May 23, 2016 - International Auditing and Assurance Standards Board
New PCAOB Audit Report Raises the Question: What Exactly Is a ‘Critical Audit Matter’?
May 23, 2016 - Compliance Week
Firm by Firm: The FRC’s Audit Quality Inspections
May 23, 2016 - Accountancy Age
Tough Audit Competition Spurs Internal Control Opinion Shopping
May 23, 2016 - Accounting Web
Inventory Subledger Audit Data Standard: Exposure Draft
May 23, 2016 - American Institute of CPAs
- 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