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 64 articles
IFAC Engagement with IAASB and IESBA—Representing the Interests of PAIBs & SMPsProviding input to the IAASB and the IESBA on behalf of the SMP and PAIB constituencies is considered vital to IFAC’s contribution to the development of international audit, assurance, and ethics standards.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | December 11, 2015
Creating an Optimized Environment for Audit QualityFirms of all sizes must create an environment with the features that facilitate audit quality.
by Monica Foerster, Chair, IFAC SMP Committee and Rogério Garcia, Technical Director, IBRACON | November 24, 2015
Reporting on Banks’ Regulatory Capital: A Role for Auditors?Some of the most fundamental indicators of the strength and resilience of banks are reported outside of their financial statements. The Institute of Chartered Accountants in England and Wales (ICAEW) believes that
by Michael Izza, FCA, Chief Executive, ICAEW and Megan Zietsman, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups | October 6, 2015
The Necessary Variables for Audit Quality, Including Joint ResponsibilityAudit quality is the responsibility of more than “only” the auditor and there are key factors at play throughout the financial reporting chain.
by Alan Johnson, Non-Executive Director, Jerónimo Martins, and IFAC’s Professional Accountants in Business Committee Member | August 27, 2015
News and Resources
There are 1927 news/resources
European Union: Country-by-Country Reporting Data—Accounting or Tax Information?
Bloomberg BNA - November 17, 2016
Improving Audit Quality Using Root Cause Analysis
Institute of Chartered Accountants in England and Wales - November 17, 2016
Companies Shedding More Light on Audit Committee Practices
Accounting Web - November 16, 2016
Two New Members Appointed to FASB as Golden Remains Chairman
Journal of Accountancy - November 16, 2016
Record Fine for Deloitte and Audit Partner over Aero Misconduct
Accountancy Age - November 16, 2016
FASB Coping with Board Turnover
Accounting Today - November 15, 2016
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