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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
These questions and answers are provided with the intention of informing all stakeholders at European and national level, in regulatory institutions, in professional bodies and in practice seeking clarification on the many questions raised by this legislation with a view to facilitating implementation, helping resolve practical issues and preserving and enhancing audit quality.
The Exposure Drafts, titled Audit Data Standards - Order to cash Subledger Standard and Audit Data Standards - Procure to Pay Subledger Standard and issued December 1, 2014, include standards that address both the order to cash and procure to pay subledgers. The comment period ends on February 28, 2015.
This measures the content of proxy statement disclosures in certain key areas, including auditor oversight and audit committee scope of duties. This information will serve as a baseline reference point measurement for reporting by companies in these indices in future proxy seasons.
As part of the AICPA's Enhancing Audit Quality initiative, CPAs are invited to download the Establishing and Maintaining a System of Quality Control for a CPA Firm's Accounting and Auditing Practice practice aid for free. This publication contains segmented guides for firms of various sizes to help them better understand and apply quality-control standards.
Audits of Special Purpose Frameworks: Auditing Expenses—Part 3
November 24, 2014 - Accounting Web
This final article in this series focuses on the effects of analytical procedures and tests of balances procedures for other financial statement classifications on various expense accounts.
This programme is suitable for anyone who needs to understand the principles of the clarified ISAs including finance professionals, audit staff, university students and academics, and audit committee members.
Discusses how a public management letter, collectively written by auditors in particular sectors or on certain themes, can be an effective instrument for accountants to fulfil their public gatekeeper’s role.