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 82 articles
SME Audits: Challenges and InsightsThe World Bank’s Center for Financial Reporting Reform (CFRR) summarizes challenges and insights in conducting audits of small- and medium-sized entities (SMEs) from their recent publication.
by John Hodge, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank and Kalina Shukarova Savovska, Senior Financial Management Specialist, Centre for Financial Reporting Reform (CFRR), The World Bank | June 22, 2016
Data Analytics for External AuditorsICAEW managers discuss the Institute’s recently published report on auditor data analytics, which highlights opportunities for the profession, regulators, standard setters, investors, and academics to rethink and reinvent audit for the benefit of...
by Katharine Bagshaw, Manager, Auditing Standards, ICAEW and Phedra Diomidous, Manager, International Standards, ICAEW | June 13, 2016
How the IAAER Fulfills a Critical Need for the Accounting ProfessionThe role of the International Association for Accounting Education & Research (IAAER), the importance of its research, and its work with other institutions.
by Donna Street, Professor, Mahrt Chair in Accounting, University of Dayton | June 13, 2016
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
News and Resources
There are 2000 news/resources
The Extended Audit Report: The Start of a Conversation
ICAEW - August 15, 2017
Internal Audit in the Age of Data Analytics
ICAEW - August 15, 2017
Keeping the Audit Profession Attractive
Accountancy Europe - July 31, 2017
Making a Difference: Audit Committees in Central and Eastern Europe
ICAEW - July 13, 2017
The New Auditor’s Report: The Early Adopters in South Africa
SAICA - July 12, 2017
New Information about Multinational Audits May Require Changes in Practice
Accounting Today - July 11, 2017
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