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 78 articles
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
Will External Audits Vanish in the Blockchain World?Like many of the disruptive transformations taking shape around us as most everyday functions go digital, external audits cannot stand insulated.
by R Vittal Raj, Partner, Kumar & Raj Chartered Accountants, India | November 2, 2017
News and Resources
There are 1980 news/resources
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition
IFAC - November 9, 2011
Auditor’s Role in Fighting Financial Crime
Accountancy Europe - January 18, 2018
Agreed-Upon Procedures Engagements
IFAC - January 1, 2018
Using Audit Data Analytics in Performing a Risk Assessment Procedure
Journal of Accountancy - December 18, 2017
Audit Committee Briefing: Questions from Audit Committees about Audit Data Analytics
CPA Canada - December 18, 2017
Implementation Tool for Auditors: CAS 315–Understanding the Entity Through Internal Control
CPA Canada - December 18, 2017
PCAOB Gets New Chairman, Complete New Board Membership
Journal of Accountancy - December 13, 2017
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