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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
How Big Data and Analytics Are Transforming the Audit
December 16, 2015 - Fei Daily
Technology trends over the past decade have broadened the definition to include data that is unstructured and machine–generated, as well as data that resides outside of corporate boundaries.
CAQ "Profession in Focus," Episode 14
December 16, 2015 - Center for Audit Quality
Episode 14 of "Profession in Focus" features PwC Chairman and Senior Partner Robert E. Moritz, a current member and former chair of the CAQ's Governing Board. In the interview, Moritz addresses cybersecurity, the role of the external auditor in that critical area, and how that role might expand.
Presentation by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force.
EU Audit & Independence Reform—Things to Know and Consider
December 10, 2015 - Audit Conduct
This focuses on the key independence provisions in the new Framework and provides high level suggestions of things to consider to help manage implementation of the rules.
Assurance engagements have been developed to support business information in many different situations, and the common pattern of development has been one of a journey.
The CAQ and auditors from leading firms across the country unleashed a social media blitz to highlight the benefits of a career in auditing and the important role auditors play in our capital markets.
Episode 13 of "Profession in Focus" features Jean M. Joy, CPA, Director of Professional Practice and Director of the Financial Institutions Group at Wolf & Company P.C. A policy expert, Joy shares insights on challenges and policy environment for mid-sized firms in the public company auditing profession.