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 86 articles
Research Insights—Auditor Professional Skepticism Part II: Mindset, Prompts, and Environmental and Contextual FactorsThis 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 | November 28, 2016
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
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
News and Resources
There are 1994 news/resources
FMA Discusses Their Audit Quality Monitoring Key Findings for 2017
CPA Australia - December 4, 2017
CPA Canada and FEI Canada: How Management Contributes to Audit Quality
CPA Canada - December 4, 2017
What External Auditors Do: A Primer for Audit Committee Members
CPA Canada - November 20, 2017
Companies Continue to Increase Transparency of External Audit Oversight
CGMA Magazine - November 20, 2017
Professional Skepticism: Inside the Mind of the Auditor
ACCA - November 20, 2017
Deloitte Develops Audit Technology for Smaller Firms
Accounting Today - November 13, 2017
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