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 63 articles
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
Audit Data Analytics: Opportunities and TipsThe use of audit data analytics can offer many opportunities for SMPs to enhance audits, as addressed in a recent publication by the World Bank’s Centre for Financial Reporting Reform.
by Bonnie Ann Sirois, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank and Kalina Shukarova Savovska, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank | January 30, 2017
News and Resources
There are 1914 news/resources
Challenges and Opportunities of the Audit in SMEs
International Accounting Bulletin - March 16, 2017
The Listening Project
Accounting and Business - March 9, 2017
Professional Skepticism: A Search for Answers
Audit Conduct - March 7, 2017
4 Keys to the Future of Audit
Thomson Reuters - March 6, 2017
The Future of Auditing: A Roundtable Discussion
The CPA Journal - March 3, 2017
CA ANZ: Professional Scepticism
Chartered Accountants Australia and New Zealand - March 2, 2017
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