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 76 articles
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
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
News and Resources
There are 1969 news/resources
Challenges and Opportunities of the Audit in SMEs
International Accounting Bulletin - March 16, 2017
The Listening Project
Accounting and Business - March 9, 2017
Professional Skepticism: A Search for Answers
Audit Conduct - March 7, 2017
4 Keys to the Future of Audit
Thomson Reuters - March 6, 2017
The Future of Auditing: A Roundtable Discussion
The CPA Journal - March 3, 2017
CA ANZ: Professional Scepticism
Chartered Accountants Australia and New Zealand - March 2, 2017
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