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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
International Financial Reporting, Accounting Standards Adopted in Belarus
January 3, 2017 - Belarus News
Businesses Need to Use Data Analytics to Stay Ahead of the Competition
December 20, 2016 - Institute of Chartered Accountants in England and Wales
The Globalization of Accounting and Auditing Standards
December 12, 2016 - Accounting Today
Deloitte Scoops BP and Centrica Audits
November 22, 2016 - Accountancy Age
Australian Government Pushes for Bitcoin Accounting Standards
November 22, 2016 - CoinDesk
FASB Seeks Uniformity in Reporting on Restricted Cash
November 18, 2016 - Journal of Accountancy
European Union: Country-by-Country Reporting Data—Accounting or Tax Information?
November 17, 2016 - Bloomberg BNA
Companies Shedding More Light on Audit Committee Practices
November 16, 2016 - Accounting Web
FASB Coping with Board Turnover
November 15, 2016 - Accounting Today
IASB’s Five-Year Plan Makes Better Communication a Key Theme
November 8, 2016 - The Accountant
- 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