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
How Valuable Is Client Confidentiality to You?Andreas Noodt, member of the IFAC SMP Committee and his Technical Advisor Gillian Waldbauer summarize, and invite debate, on the IESBA’s Exposure Draft on non-compliance with laws and regulations from the global perspective of professional...
by Andreas Noodt, Former Member, IFAC SMP Committee and Gillian Waldbauer, Head of International Affairs, Institut der Wirtschaftsprüfer | August 24, 2015
Research Insights—Impacts of Audit Firm Tenure and Auditor-Provided Non-Audit Services on Audit Process QualityAccording to a study, audit process quality declines when audit firm tenure becomes long or fees from auditor-provided non-audit services become large for audits of privately held clients, but not for audits of publicly held clients.
by Monika Causholli, Assistant Professor of Accounting, Gatton College of Business and Economics at the University of Kentucky, Timothy B. Bell, Professor of Accounting, University of North Florida and W. Robert Knechel, Director, International Center for Research in Accounting and Auditing | June 19, 2015
The Exponential Value of an Independent AuditWhat value can an independent audit offer beyond the primary objective of assurance on the reasonableness of the financial statements?
by Patricia Cochran, former Chief Financial Officer, VSP; Board Director and Member of the Audit Committee Mechanics Bank, Mercy Housing, Inc. and Mercy Investment Services, Inc., Member of the Audit Committee of Dignity Health, and Member of the IFAC Professional Accountants in Business Committee | May 18, 2015
Agreed-Upon Procedure Engagements—Help Shape the IAASB’s StandardThe IAASB is in an information-gathering phase of its project on agreed-upon procedures, which includes a revision of ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information, and consideration of more holistic...
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | April 15, 2015
News and Resources
There are 1926 news/resources
Lease Accounting Compliance Presents an Opportunity
Fei Daily - November 14, 2016
Tips for First-Year Auditors
Journal of Accountancy - November 14, 2016
IASB’s Five-Year Plan Makes Better Communication a Key Theme
The Accountant - November 8, 2016
Audit Committees Have Increased Transparency of External Audit Oversight
CPA Practice Advisor - November 7, 2016
Off Hours: IMA Global Chairman Not the Retiring Type
The National - November 4, 2016
ICMA Participates in SAFA Events
Pakistan Observer - November 4, 2016
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