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 78 articles
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
European Audit Reform Falls Short on Regulatory ConvergenceTwo weeks ago, European Parliament voted on statutory audit legislation , marking the latest stage of the European audit reform process and concluding nearly four years of discussion and debate. While some outcomes will advance the uniformity...
by Gary Pflugrath, Director, Public Policy & Regulation, IFAC | April 17, 2014
What is the Future for Assurance and Small Business?In many jurisdictions, perhaps most noticeably in recent years in Europe, the emergence of a “think small first” mentality has resulted in a light touch approach to policy and regulation for small businesses, releasing them from the obligation to...
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | April 15, 2014
News and Resources
There are 1982 news/resources
AICPA FinREC: FASB Proposal Improves Hedge Accounting Model
Accounting Web - December 13, 2016
The New Auditor’s Report: Questions and Answers
International Auditing and Assurance Standards Board - December 13, 2016
The Globalization of Accounting and Auditing Standards
Accounting Today - December 12, 2016
FASB Offers Insight on Three Lease Accounting Trends
Accounting Web - November 29, 2016
Australian Government Pushes for Bitcoin Accounting Standards
CoinDesk - November 22, 2016
Deloitte Scoops BP and Centrica Audits
Accountancy Age - November 22, 2016
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