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 61 articles
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
Questions about Accounting or Auditing on the Ground in Jurisdictions? Our New Interactive Content Can HelpThe new interactive section of the IFAC website features comprehensive profiles of member organizations and the jurisdictions in which they operate—including the status of international standards.
by Joseph Bryson, Deputy Director, Quality and Membership | September 12, 2016
What’s the Buzz about CAQ’s #AuditorProud?The Center for Audit Quality’s second annual #AuditorProud social media campaign demonstrates to students, young auditors, and the marketplace how vibrant and exciting being an auditor can be.
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | September 6, 2016
The Future of the Accountancy Profession: People, Information, Cooperation, and TechnologyYoung accountants can look forward to entering a profession poised to address many of society’s challenges, says Robert Hodgkinson, Executive Director, Technical, at ICAEW. These include creating a more sustainable world, working with
by Robert Hodgkinson, Executive Director, Technical, ICAEW | September 6, 2016
News and Resources
There are 1907 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
IFAC - November 9, 2011
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
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