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.
Implementation support for the new and revised IAASB Auditor Reporting standards, including links to Key Audit Matters (KAM) examples.
There are 82 articles
The Year in Review: A Look Back at Viewpoints from 2015For the accountancy profession, 2015 was a forward-looking year. The need to attract and develop new talent, embrace rapidly changing technological trends, and demonstrate how the accountancy profession is playing a wider role in society were
by Eli R. Khazzam, Senior Professional, Economic Development & Emerging Technologies. | December 29, 2015
Surprising Effects of Mandatory Auditor Rotation on Audit QualityAs new auditor rotation mandates are debated and adopted or rejected worldwide, a new research study takes a different approach to assessing the effects of these mandates on audit quality.
by Kendall O. Bowlin, University of Mississippi; Jessen L. Hobson, University of Illinois at Urbana-Champaign; and M. David Piercey University of Massachusetts – Amherst | December 15, 2015
IFAC Engagement with IAASB and IESBA—Representing the Interests of PAIBs & SMPsProviding input to the IAASB and the IESBA on behalf of the SMP and PAIB constituencies is considered vital to IFAC’s contribution to the development of international audit, assurance, and ethics standards.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | December 11, 2015
Creating an Optimized Environment for Audit QualityFirms of all sizes must create an environment with the features that facilitate audit quality.
by Monica Foerster, Chair, IFAC SMP Committee and Rogério Garcia, Technical Director, IBRACON | November 24, 2015
News and Resources
There are 2000 news/resources
Regulator Annual healthcheck Concludes Bigger Audits Are Getting Better but Smaller Ones Are Getting Worse
CityA.M. - June 15, 2017
How to Improve Audit Planning Effectiveness and Efficiency
Journal of Accountancy - June 13, 2017
CAQ to Provide Five Grants to Fund Academic Research on Audit
The Accountant - June 6, 2017
The Enhanced Auditors' Report: Questions and Answers
Malaysian Institute of Accountants - May 30, 2017
Can Auditors Trust Clients and Be Skeptical Too?
Accounting Web - May 30, 2017
Talking to Your Audit Clients about Data Analytics
CPA Canada - May 22, 2017
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