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 63 articles
IAASB Explores Growing Use of Data Analytics in the AuditThe IAASB has released a Request for Input: Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics , with comments requested by February 15, 2017.
by Bradley Williams, Principal, International Auditing and Assurance Standards Board | November 14, 2016
Research Insights—Auditor Professional Skepticism Part I: Incentives and TimeThis three-part series summarizes academic research in the area of auditor professional skepticism and identifies key observations in the areas of incentives, time, mindset, environmental and contextual factors, and personality traits.
by Joseph F. Brazel, Professor of Accounting and University Faculty Scholar, North Carolina State University and Tammie Schaefer, Assistant Professor of Accounting at the University of Missouri, Kansas City | October 31, 2016
The Adventure of Standard Setting: Reflections from a ChairmanFollowing its recent meeting in Hong Kong, the Chairman of the International Auditing and Assurance Standards Board explains how he approaches each meeting.
by Prof. Arnold Schilder, Chairman, International Auditing and Assurance Standards Board | October 26, 2016
IAASB Releases Working Group Paper on Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance EngagementsTo further the global debate on external reporting and enhance assurance quality, the IAASB requests input on its Discussion Paper, which explores the various professional services, including assurance engagements, being performed in accordance...
by Brett James, Senior Principal, International Auditing and Assurance Standards Board | September 19, 2016
Supporting Credibility and Trust in Emerging Forms of External ReportingA new Discussion Paper from the International Auditing and Assurance Standards Board’s Integrated Reporting Working Group addresses the challenges of integrated reporting and other forms of external reporting.
by Nancy Kamp, Deputy Director, International Auditing and Assurance Standards Board | September 19, 2016
News and Resources
There are 1913 news/resources
AICPA Urges S. Africa's Audit Regulator to Reject Mandatory Audit Firm Rotation
Daily News - January 25, 2017
The Future of the Audit Industry: From Masses of Data to Meaning
Accountancy Age - January 18, 2017
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
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