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 86 articles
Developing the IFAC SMP Committee Response: Proposed ISA Enhancements Focused on Financial Statement DisclosuresThe IFAC SMP Committee is seeking feedback on their preliminary views in response to the IAASB’s Exposure Draft, Addressing Disclosures in the Audit of Financial Statements, which is open for comment until September 11, 2014.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | August 25, 2014
Working Our Way to Consensus: Internal Controls and the Audit of Smaller and Less-Complex EntitiesFirms can have very different approaches to the requirements of the International Standards on Auditing that address risk, in particular with regard to internal controls. But auditors of smaller and less-complex entities need to understand the...
by Katharine Bagshaw, Technical Manager, Auditing Standards, ICAEW | July 25, 2014
Some Positive Aspects of the Statutory Audit Reform in EuropeThe final texts of the statutory audit reform (i.e., the Directive and the Regulation) have now been published in the official journal of the European Union, bringing to a close four years of intense discussions that may significantly change the...
by Yves Nicolas, President, and Cédric Gélard, Technical Director, CNCC | July 22, 2014
Supporting the Implementation of International Standards—What’s Next?IFAC's SMP Committee has developed a suite of comprehensive guides and supplementary resources to help SMPs implement international standards; Take the poll to help the committee gauge demand and interest to decide what to develop next.
by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair and Christopher Arnold, IFAC Technical Manager, SME & SMP Affairs | July 21, 2014
Implementing the International Standard on Quality Control 1 (ISQC 1): Challenges, Solutions, and BenefitsKey points from 2013 interviews of sole practitioners by the Institute of Singapore Chartered Accountants on their experiences implementing Singapore Standard on Quality Control 1, which is based on ISQC 1 .
by Jason Pang, Manager, Quality Assurance, Institute of Singapore Chartered Accountants, and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | July 21, 2014
News and Resources
There are 1994 news/resources
What the Latest Audit Exemption Threshold Increase Means for You
Economia - April 7, 2017
How Financial Statement Audits Deliver Key Business Insights
Journal of Accountancy - April 5, 2017
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
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