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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.
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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
Broker-Dealer Audit Concerns Remain High for US PCAOB
August 19, 2016 - Journal of Accountancy
August 19, 2016 - GAA Accounting
Fayezul Choudhury: Profession Is Critical in the Face of Data Overload
August 19, 2016 - Economia
Felice Persico: Audit Is at the Cutting Edge of Innovation
August 18, 2016 - Economia
IAASB Releases Working Group Paper on Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements
August 18, 2016 - International Auditing and Assurance Standards Board
Update on Trends and Issues in Audits of Internal Control over Financial Reporting
August 17, 2016 - Public Company Accounting Oversight Board
Commenters Weigh in on PCAOB Proposal to Significantly Amend Auditor’s Report–Part II
August 16, 2016 - MACPA
PCAOB: Proposed Auditing Standard–The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion
August 16, 2016 - Center for Audit Quality
IIA and IFAC Renew Their Vows
August 16, 2016 - Accounting Today
Audit Reform: Hard Labor for Audit Committee Chairs?
August 16, 2016 - Accountancy Age
- 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