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 71 articles
The Exponential Value of an Independent AuditWhat value can an independent audit offer beyond the primary objective of assurance on the reasonableness of the financial statements?
by Patricia Cochran, former Chief Financial Officer, VSP; Board Director and Member of the Audit Committee Mechanics Bank, Mercy Housing, Inc. and Mercy Investment Services, Inc., Member of the Audit Committee of Dignity Health, and Member of the IFAC Professional Accountants in Business Committee | May 18, 2015
Agreed-Upon Procedure Engagements—Help Shape the IAASB’s StandardThe IAASB is in an information-gathering phase of its project on agreed-upon procedures, which includes a revision of ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information, and consideration of more holistic...
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | April 15, 2015
SME Acquisitions and the Added Value of a Registered AuditorHiring a registered auditor when acquiring an SME can help to reduce obstacles and increase the success of the acquisition, according to recent insights from the Belgian Institute of Registered Auditors (IBR-IRE) Congress, “Acquisitions (Transfer...
by Daniel Kroes, President, of the Belgian institute of Registered Auditors; Audit Partner, Deloitte Bedrijfsrevisoren | March 23, 2015
Quality Control in Accounting Practices—What Are the Specific Issues?The IAASB has issued a survey to inform the scoping of its quality control project, specifically with respect to issues encountered by small- and medium-sized practices (SMPs) in complying with the requirements of ISQC 1 and ISA 220.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Sara Ashton, Senior Technical Manager, International Auditing and Assurance Standards Board | March 19, 2015
Why Bother with Assurance?As audit thresholds for statutory audits around the world continue to rise, some companies will still choose voluntarily to be audited, but for those that don’t, the profession needs to be ready to offer valuable alternative assurance services.
by Henry Irving, Head of Audit and Assurance Faculty, ICAEW | February 26, 2015
News and Resources
There are 1960 news/resources
The Biggest Challenges Facing Auditors in 2017
Economia - January 17, 2017
FASB Makes New Improvements to Revenue Recognition Standard
Accounting Web - January 4, 2017
The Internal Audit and IT Audit Book Series
CRC Press - January 3, 2017
PCAOB Staff Offers Guidance on Audit Firms' Work in China
Accounting Today - January 3, 2017
International Financial Reporting, Accounting Standards Adopted in Belarus
Belarus News - January 3, 2017
Audit Insights: Data Analytics
Institute of Chartered Accountants in England and Wales - December 20, 2016
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