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
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
Mandatory Audit Firm Rotation—Are We Going ‘Round in Circles?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
by Fayez Choudhury, Chief Executive Officer, IFAC | October 18, 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
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, IFAC | September 12, 2016
News and Resources
There are 1977 news/resources
New Information about Multinational Audits May Require Changes in Practice
Accounting Today - July 11, 2017
Materiality in the Audit of Financial Statements
ICAEW - July 3, 2017
Member States’ Implementation of New EU Audit Rules
Accountancy Europe - June 26, 2017
Auditors Face Evolving Cybersecurity Challenges
ACCA - June 26, 2017
How Financial Statement Audits Deliver Key Business Insights
Journal of Accountancy - June 23, 2017
Why CPAs Need to Get a Grip on Blockchain
Journal of Accountancy - June 20, 2017
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