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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.
|Global Knowledge Gateway||
Unethical business practices harm organizations and economies. Large-scale business failures such as Enron—as well as the more recent failures related to the global financial crisis—highlight the consequences of unethical business practices and amoral management. Professional accountants, as stewards of transparency and trust, and subject to a professional code of ethics, have a key role to play not only in upholding but in encouraging and influencing ethical behavior and decision making within their organizations. Read More
You are now viewing all "independence" resources. View All Ethics Resources
Helps accountants understand the meaning of true independence and apply the latest rules to everyday practice. It includes a guide to independence, FAQs on the performance of nonattest services, and an Inadvertent Independence Violations Practice Tool should an unintentional violation of independence occur.
An article that considers the importance of independence in appearance as well as fact. It includes real-life examples of certain activities that may give rise to assertions of questionable independence in appearance and provides simple risk control principles to help accountants avoid these situations.
The independence of CPAs is the hallmark of the profession. As such, accountants put forth significant focus and effort to comply with independence requirements related to everything from investments to business and employment relationships to services delivered to clients. But being what accountants call independent in “fact” isn’t enough. CPAs also must be independent in appearance as well—a requirement detailed in various professional guidelines, including the AICPACode of Professional Conduct.
Helps accountants and auditors understand the requirements in APES 110, Code of Ethics for Professional Accountants, with which CPA Australia members must comply. The standard is based on the Code of Ethics for Professional Accountants issued by the IESBA.
- Ethics Board Issues Revised Proposal on Global Standard on Responding to Non-Compliance with Laws and Regulation
May 20, 2015 - CFO Innovation
- ICAN President Decries Corruption, Challenges Accountants on Integrity
May 20, 2015 - World Stage
- Many on Wall Street Say It Remains Untamed
May 19, 2015 - New York Times
- Ethics a Professional Imperative
May 14, 2015 - Viet Nam News
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