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 594 articles
The Professional Accountant’s Mindset and Tackling CorruptionProfessional accountants’ training in analyzing and interpreting both financial and non-financial data positions them to challenge information that seems suspicious and be diligent in examining the supply chain, as well as interpreting where...
by Tanya Barman, Associate Director, Ethics, Chartered Institute of Management Accountants | September 11, 2017
Transforming Challenges into Opportunities: Fee PressureInformation and best practice tips to help small- and medium-sized practices contend with pressure to lower fees, a top global challenge.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Mats Olsson, IFAC SMP Committee Deputy Chair and Partner, Adrian & Partners AB | September 11, 2017
Keeping the Audit Profession AttractiveAccountancy Europe spoke with young auditors, regulators, investors, academics, and policy makers to open a conversation on what makes, and keeps, the audit profession attractive.
by Noémi Robert, Audit & Assurance Manager, Accountancy Europe | September 11, 2017
News and Resources
There are 9660 news/resources
Leveraging the COSO Internal Control—Integrated Framework to Improve Confidence in Sustainability Performance Data
Institute of Management Accountants - September 14, 2017
Board Oversight of Long-Term Value Creation and Preservation
Harvard Law School Forum on Corporate Governance and Financial Regulation - September 12, 2017
IFRS Standards—Why Do They Matter?
IFRS Foundation - September 11, 2017
Will Bitcoin Replace Cash?
ICAS - September 11, 2017
Finance Chiefs Upbeat Despite Brexit and Cyber Threat
ICAS - September 11, 2017
Artificial intelligence and Machine Learning–The Inevitable Changes in Professional Service Firms
Accountancy Age - September 11, 2017
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