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.
by Fayez Choudhury, Chief Executive Officer, IFAC | October 18, 2016
Last week, the South African Independent Regulatory Board for Auditors (IRBA) announced a timeline for new mandatory audit firm rotation requirements—a policy requiring companies to switch auditors periodically. In the same week, the
There are 64 articles
Reinventing ERM and Internal Audit: Accountants Need to Drive Radical ChangeAccountants need to play lead roles driving radical change toward Objective-Centric Enterprise Risk Management and Internal Audit, argues Tim Leech.
by Tim J. Leech FCPA FCA CIA CCSA CRMA, Managing Director, Risk Oversight Solutions Inc. | April 11, 2017
Building Trust through Agreed-Upon ProceduresFeedback from small- and medium-sized accounting practices and entities, SMPs and SMEs, is a crucial step in developing an agreed-upon procedures standard that suits, and allowing SMPs and SMEs to more fully realize the potential of these...
by Bodo Richardt, President, European Federation of Accountants and Auditors for SMEs and Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | March 13, 2017
Exploring the Demand for Agreed-Upon Procedures EngagementsThe IAASB’s Agreed-upon Procedures Working Group has issued a Discussion Paper and requests input from all stakeholders.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | March 10, 2017
Significant Differences in Audit Quality Indicators DevelopmentsThe similarities and differences between audit quality indicators, and a possible way forward, have been summarized in a recent overview from Accountancy Europe.
by Vita Ramanauskaite, Policy Advisor, Accountancy Europe and Hilde Blomme, Deputy Chief Executive, Accountancy Europe | February 8, 2017
News and Resources
There are 1924 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
IFAC - November 9, 2011
IAASB Data Analytics Video
International Auditing and Assurance Standards Board - April 26, 2017
Rethinking the Audit
Journal of Accountancy - April 26, 2017
How AI Will Turn Auditors into Analysts
Accounting Today - April 24, 2017
IAASB Proposes Modernization of Financial Estimate Audits in Support of Audit Quality
International Auditing and Assurance Standards Board - April 20, 2017
Audit Partner-Client Relationship: How Long Is Too Long?
A+ Magazine - April 19, 2017
Data Analytics: New Ways for Internal Auditors to Apply Their Skills
CGMA Magazine - April 17, 2017
Get The Latest. Sent twice monthly.