Enhanced search function
IFAC FOCUS AREAS
- Accountability. Now.
- 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. Read More
You are now viewing all "Institute of Chartered Accountants in Australia" resources. View All Audit & Assurance Resources
To help directors in fulfilling their obligations in relation to impairment, the Institute has released this guide with an overview of the key concepts. It covers what impairment means and why it is important, and raises questions directors should ask in relation to the methodology used, projected cash flows and disclosures.
The value of exercising professional scepticism in auditing is front and foremost for auditors in practice, yet more work can be done to build capability in this area, according to recent research undertaken by the Institute.
This paper details the experiences of six Australian audit firms undertaking enhancements to their audit quality control systems, in so doing providing practical examples of audit quality initiatives.
The Institute has released a paper detailing the experiences of six audit firms undertaking enhancements to their audit quality control systems
Excellent practical guidance to enhance professional skepticism
The purpose of 'The benefit of audit: A guide to audit quality' is to enhance the communication between an audit committee and the external auditor.
A toolkit of resources and tools to help accounting firms with quality control.