Skip to main content

International Standard Setting in the Public Interest

Policy Position Paper #3
Sep 29, 2011 | Policy Position Papers
All available Translation:

This paper outlines the rationale for the regulatory arrangements put in place for setting international standards for auditing and assurance, ethics, and accounting education; arrangements in which responsibility is shared between the public sector and the private sector. Current arrangements for international standard setting, which encompass a combination of public and private sector roles, provide a structure and process that operate and are seen to operate in the public interest, in a context in which there are needs for legitimacy, independence, transparency, performance (encompassing technical competence, responsiveness, and efficiency) and accountability.

Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.