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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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The recent financial and economic crises exposed many corporate governance weaknesses—but, at the same time, they created momentum for change. Effective governance encourages better organizational decision making, accountability, and robust scrutiny of organizational performance. Accountants are in an excellent position to ensure that governance is integrated into the very DNA of their organizations, which has been identified as critical to its effectiveness. Read More
Companies with a larger proportion of alumni among their accounting employees are significantly less likely to issue financial misstatements, and have lower absolute abnormal accruals. We also divide employees into categories by job rank and find that only lower level accounting employees have positive effects on both measures of audit quality.
This paper examines the perception that Australia and New Zealand are nations relatively free of corruption and what is in place to mitigate it.
Adapting to New Proposals on Expanded Audit Reporting
September 3, 2015 - KPMG
Eight points for audit committees to consider.
Audit committees of public companies are under increasing regulatory pressure to ensure external auditors are doing a quality job. Considering these factors should help them fufill their oversight role.
Looks at the benefits of accrual budgeting, at some of the major arguments that have impeded its international implementation, and how those issues have been addressed in the countries that have successfully adopted accrual budgeting.
A reference for both seasoned and new audit committee members as they address areas such as oversight of internal controls, financial reporting, risk, interaction with the internal and independent auditors, and review of earnings press releases.
Paul Kazarian, Chief Executive and Chairman of Japonica Partners, speaking at the CIPFA International Seminar in London on 7 July 2015, on the need for international standards and good public financial management, with reference to the Greek example.
- HKICPA Partners with NGO Governance Platform Project as an Extension to Its CPAs for NGOs Social Responsibility Programme
November 2, 2016 - Hong Kong Institute of CPAs
- IIRC Welcomes the Release of King IV as South Africa Sets a New Global Standard for Corporate Governance
November 1, 2016 - IIRC
- European Commission Urged to Update Financial Governance Rules
October 20, 2016 - Public Finance International
- Stronger Governance and Less Regulation Will Help #BuildTrust with Citizens, IFAC and ICAEW Joint Report Says
September 29, 2016 - IFAC
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