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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
by Megan Zietsman, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups | May 2, 2016 |
The IAASB discusses its efforts to enhance audit quality, including its call for input on matters relating to the topics of professional skepticism, quality control, and group audits, open for formal consultation until May 16, 2016. Read More
Research Insights—The Impact of the Social Mismatch between Young Staff Auditors with More Experienced Client Management
by Dr. G. Bradley Bennett, Assistant Professor of Accounting, University of Massachusetts, Amherst and Dr. Richard C. Hatfield, Professor of Accounting, The University of Alabama | March 4, 2016 |
Research examines the impact of the social mismatch between young staff auditors with more experienced client management and the implications for audit quality. Read More
Indicadores de calidad de auditoría: ¿qué hemos aprendido durante nuestra travesía?
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 9, 2016 |
Los comités de auditoría desempeñan un rol esencial en el gobierno corporativo por su supervisión de los procesos y las auditorías correspondientes a la información financiera de las compañías. El Centro para la Calidad de Auditoría (CAQ) considera que las métricas cuantitativas fiables del proceso de auditoría —comúnmente denominadas indicadores de calidad de auditoría (AQI, por sus siglas en inglés)— pueden emplearse para informar de manera más efectiva a los comités de auditoría aquellos asuntos importantes que puedan contribuir a la calidad de una auditoría. Read More
Building Trust in the Accountancy Profession: The Australian Experience
by Andrew Conway, Chief Executive, Institute of Public Accountants in Australia | January 7, 2016 |
Australia provides an example of how institutional cooperation helped restore trust in the accountancy profession. Read More
IFAC Engagement with IAASB and IESBA—Representing the Interests of PAIBs & SMPs
by Christopher Arnold, Head of SME/SMP and Research, IFAC | December 11, 2015 |
Providing input to the IAASB and the IESBA on behalf of the SMP and PAIB constituencies is considered vital to IFAC’s contribution to the development of international audit, assurance, and ethics standards. 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