Enhanced search function
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.
|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. Read More
You are now viewing all "Article" resources. View All Audit & Assurance Resources
Clarified Auditing Standards: Consideration of Omitted Procedures
September 24, 2015 - Accounting Web
This assesses the effect of any omitted procedures on the auditor’s continued ability to support a previously expressed opinion on the financial statements and to respond appropriately.
10 ways a CPA firm can reduce professional liability in its accounting and auditing practice.
Pay Attention to Non-Financial Measures When Performing Audits
September 14, 2015 - Journal of Accountancy
If you’re only looking at the money, you may be missing red flags for fraud.
This synthesizes key lessons learned in terms of what audit committees generally want from their CFOs.
Adapting to New Proposals on Expanded Audit Reporting
September 3, 2015 - KPMG
Eight points for audit committees to consider.
The objectives of the auditor under AU-C Section 560 are, first, to obtain sufficient appropriate audit evidence about events occurring between the date of the financial statements and the date of the auditor’s report.
In an increasingly complex business and regulatory environment, some audit practitioners find that specialization reduces their risk while lowering their costs.