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
Audit Quality Indicators: What Have We Learned on Our Journey?Audit committees serve an essential role in corporate governance through their oversight of companies’ financial reporting processes and audits.
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 9, 2016
Building Trust in the Accountancy Profession: The Australian ExperienceAustralia provides an example of how institutional cooperation helped restore trust in the accountancy profession.
by Andrew Conway, Chief Executive, Institute of Public Accountants in Australia | January 7, 2016
The Year in Review: A Look Back at Viewpoints from 2015For the accountancy profession, 2015 was a forward-looking year. The need to attract and develop new talent, embrace rapidly changing technological trends, and demonstrate how the accountancy profession is playing a wider role in society were
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway | December 29, 2015
Surprising Effects of Mandatory Auditor Rotation on Audit QualityAs new auditor rotation mandates are debated and adopted or rejected worldwide, a new research study takes a different approach to assessing the effects of these mandates on audit quality.
by Kendall O. Bowlin, University of Mississippi; Jessen L. Hobson, University of Illinois at Urbana-Champaign; and M. David Piercey University of Massachusetts – Amherst | December 15, 2015
News and Resources
There are 1907 news/resources
Largest Annual Global SMP Survey—Now Open
IFAC - November 4, 2016
US SEC Names New Deputy Chief Accountant, Marc Panucci
Accounting Today - November 3, 2016
‘Clear’ Tax Avoidance Guidance for Advisers Issued by Institutes
Accountancy Age - November 3, 2016
The Changing Accountancy Recruitment Process
Economia - November 3, 2016
Can Globalization Be Salvaged?
Wall Street Journal - November 3, 2016
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