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 85 articles
What Are Audit Committees Up To?Audit Committees respond to evolving regulatory frameworks, changing business needs, and rapid technological developments as well as flux in the broader geo-economic environment.
by Dr. Susanna Di Feliciantonio, Head of EU Public Affairs, ICAEW and Mr. David Batal, Partner, Audit & Assurance, Deloitte Czech Republic | August 28, 2017
Overcoming Obstacles to Enhance Quality AssuranceQuality assurance systems are an important element of a sustainable global financial infrastructure, as well as a requirement for all IFAC member organizations.
by Manuel Arias , Technical Manager, Quality & Development, IFAC and Sarah Gagnon, Technical Manager, Quality & Development, IFAC | August 28, 2017
Survey Ratifies the Advances of the New Auditor's Report in BrazilA new survey by the Instituto dos Auditores Independentes do Brasil (IBRACON) reveals some key elements included in new auditors’ reports in Brazil, including Key Audit Matters.
by Idésio Coelho, President, IBRACON, Senior Partner, EY, & IFAC Board Member | July 31, 2017
Your Turn to Weigh In: Proposed Modernization of Accounting Estimates Auditing StandardThe IAASB’s Proposed ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, significantly changes how auditors evaluate accounting estimates and related disclosures—auditors and other stakeholders are asked to consider the...
by Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | July 18, 2017
Reinventing ERM and Internal Audit: Accountants Need to Drive Radical ChangeAccountants need to play lead roles driving radical change toward Objective-Centric Enterprise Risk Management and Internal Audit, argues Tim Leech.
by Tim J. Leech FCPA FCA CIA CCSA CRMA, Managing Director, Risk Oversight Solutions Inc. | April 11, 2017
News and Resources
There are 2005 news/resources
Reporting Implications of Canadian Auditing Standards (CAS)
CPA Canada - February 23, 2018
Quality Assurance for Audit–Good Practice Guide
ICAEW, Confederation of Asian and Pacific Accountants, Asian Development Bank - February 21, 2018
Tenets of a Quality Audit
ACCA - February 15, 2018
2017 Combined CAS/PCAOB Auditor's Report
CPA Canada - January 29, 2018
CPA Canada Study Opens Door on How Management Contributes to Audit Quality
CPA Canada - January 22, 2018
Auditor’s Role in Fighting Financial Crime
Accountancy Europe - January 18, 2018
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