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
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
The Cost of European Audit LegislationThe Treaty of Lisbon, which came into effect in 2009, was designed to make the European community more effective, taking into account the perceived benefits accruing from full integration of the internal market.
by Jens Røder, Secretary General & CEO, Nordic Federation of Public Accountants | July 8, 2014
Shared Standard Setting in the Public Interest: A Strong ModelThe last two decades have been a definitive era in the evolution of the accountancy profession. In the wake of major corporate scandals at the turn of the century, an international public debate arose on the need for more effective and well...
by Fayez Choudhury, Chief Executive Officer, IFAC | June 24, 2014
Audit Quality: More Than Just a Concern for AuditorsWhile no one would argue that the auditor has the primary responsibility for the conduct of a quality audit for a particular audit engagement, the concept of audit quality within a jurisdiction is a much broader issue.
by Gary Pflugrath, Director, Public Policy & Regulation, IFAC | June 2, 2014
What Is the Future of Audit and Assurance? FEE Opens DiscussionA s part of its commitment to promoting a public debate on audit and assurance, the Federation of European Accountants (FEE) has published a discussion paper, the Future of Audit and Assurance . The paper lays out initial observations that could...
by Hilde Blomme, Deputy CEO, FEE and Noémi Robert, Audit & Assurance Manager, Accountancy Europe | May 14, 2014
News and Resources
There are 1997 news/resources
Artificial Intelligence Comes to Financial Statement Audits
CFO.com - February 21, 2017
IFRS Foundation Trustees Announce Reappointments of Four IASB Members
IFRS Foundation - February 21, 2017
Is Data Analytics Transforming the Audit?
In the Black - February 17, 2017
Audit and Assurance Alert: Canadian Standard on Association
CPA Canada - February 13, 2017
Webinar: The Changing World of Audit and Assurance
ICAS - February 9, 2017
AICPA Urges S. Africa's Audit Regulator to Reject Mandatory Audit Firm Rotation
Daily News - January 25, 2017
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