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 79 articles
Research Insights—Consequences of Changing the UK Auditor's ReportRecent research examines the consequences of the new auditor’s report in the UK, in terms of the cost of audits, audit quality, and investors’ reaction to the report’s filing.
by Dr. Elizabeth Gutierrez , Assistant Professor of Accounting, Universidad de Chile, Dr. Kay W. Tatum, Associate Professor of Accounting, University of Miami, Dr. Maria I. Vulcheva, Assistant Professor of Accounting, Florida International University and Dr. Miguel Minutti-Meza, Assistant Professor of Accounting, University of Miami | May 23, 2016
The Future of AuditJointly hosted by Grant Thornton and ACCA, a series of roundtable discussions on the future of audit offered valuable insights into what issues the audit profession is currently facing and how it may have to evolve to remain relevant.
by Andrew Gambier, Head of Audit and Assurance, ACCA and Nick Jeffrey, Director, Public Policy, Grant Thornton | May 16, 2016
Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control, and Group AuditsThe IAASB discusses its efforts to enhance audit quality, including its call for input on matters relating to the topics of professional skepticism, quality control, and group audits, open for formal consultation until May 16, 2016.
by Megan Zietsman, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups | May 2, 2016
Research Insights—The Impact of the Social Mismatch between Young Staff Auditors with More Experienced Client ManagementResearch examines the impact of the social mismatch between young staff auditors with more experienced client management and the implications for audit quality.
by Dr. G. Bradley Bennett, Assistant Professor of Accounting, University of Massachusetts, Amherst and Dr. Richard C. Hatfield, Professor of Accounting, The University of Alabama | March 4, 2016
Indicadores de calidad de auditoría: ¿qué hemos aprendido durante nuestra travesía?Los comités de auditoría desempeñan un rol esencial en el gobierno corporativo por su supervisión de los procesos y las auditorías correspondientes a la información financiera de las compañías. El Centro para la Calidad de Auditoría (CAQ) ...
by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 9, 2016
News and Resources
There are 1986 news/resources
CAQ to Provide Five Grants to Fund Academic Research on Audit
The Accountant - June 6, 2017
The Enhanced Auditors' Report: Questions and Answers
Malaysian Institute of Accountants - May 30, 2017
Can Auditors Trust Clients and Be Skeptical Too?
Accounting Web - May 30, 2017
Talking to Your Audit Clients about Data Analytics
CPA Canada - May 22, 2017
IASB's Annual Improvements Project
ACCA - May 22, 2017
Women in Internal Auditing: Perspectives from Around the World
Institute of Internal Auditors - May 19, 2017
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