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 92 articles
Enhancing Audit DocumentationEd Fox, Global Head–Audit Quality at Grant Thornton International, discusses the findings from external regulators on the quality of audit documentation and provides his recommendations on how firms can address re-performance requirements, timing...
by Ed Fox, Global Head-Audit Quality, Grant Thornton International | October 2, 2018
Resource Roundup: Implementation Support for Small- and Medium-Sized PracticesAre you a practitioner working with a small or medium-sized firm—IFAC has an extensive suite of implementation support to assist you with the effective and efficient application of international standards.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | August 1, 2018
News and Resources
There are 2011 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Fourth Edition
IFAC - July 25, 2018
Professional Skepticism Lies at the Heart of a Quality Audit
International Auditing and Assurance Standards Board - October 18, 2018
IAASB Modernizes Auditing of Accounting Estimates in Support of Audit Quality
International Auditing and Assurance Standards Board - October 3, 2018
Internal Audit: To Outsource or Not?
ICAS - September 24, 2018
How Robotic Process Automation Is Transforming Accounting and Auditing
The CPA Journal - September 24, 2018
Enhanced Audit Reporting–The Profession in APAC Calls for Better Awareness and Education
Confederation of Asian and Pacific Accountants - September 10, 2018
Cybersecurity Risk: Time for Auditors to Take Heed?
Chartered Accountants Worldwide - September 10, 2018
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