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 80 articles
RegTech Will Help Transform AuditRegTech, that is Regulatory Technology, will probably have a profound effect on the audit profession—and audit will need to adapt.
by Liv Watson, Co-Chair, ICAEW Natural Capital Accounting, Structured Data Task Force and Senior Director, Strategic Customer Initiatives at Workiva | February 23, 2018
Tackling Modern Slavery: What Role Can Accountants Play?The new wave of modern slavery disclosure regulations require companies to disclose audits and associated monitoring mechanisms to tackle any human suffering arising from their business operations—a process accountants can play a play a role in.
by Professor Muhammad Azizul Islam, PhD, CPA, CA, Chair in Accountancy & Director of Postgraduate Research Programme (Accounting & Finance) Business School, University of Aberdeen | February 12, 2018
External Assurance on Non-Financial Information: Providing ConfidenceHow do professional accountants respond to the growing demand for assurance on non-financial information (NFI)—Accountancy Europe‘s latest publication sets out the context for NFI reporting and assurance and discusses the role of the accountancy...
by Noémi Robert, Senior Manager, Accountancy Europe & Vita Ramanauskaité, Advisor, Accountancy Europe | November 20, 2017
Root Cause Analysis Is Transforming Audit QualityRoot Cause Analysis is a process for identifying the causes of problems or events in order to prevent them from recurring—it is based on the idea that effective management requires more than putting out fires for problems that develop, but...
by Jonathan Batchelor, Managing Director, Europe - Middle East - Africa (EMEA), Sologic | November 6, 2017
News and Resources
There are 1992 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
IFAC - November 9, 2011
How Blockchain Might Affect Audit and Assurance
Journal of Accountancy - March 18, 2018
Moving at the Speed of Innovation: 2018 State of the Internal Audit Profession Study
PwC - March 15, 2018
How Internal Audit Can Improve by Embracing Technology
Journal of Accountancy - March 15, 2018
Global Audit Inspection Findings Show Modest Improvement
Journal of Accountancy - March 15, 2018
Key Audit Matters: Unlocking the Secrets of the Audit
ACCA - March 13, 2018
Procurement: Tendering for Local Audit
ICAEW - March 8, 2018
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