The International Federation of Accountants® (IFAC®) today announced the availability of the current editions of the handbooks from the:
- International Auditing and Assurance Standards Board® (IAASB®);
- International Ethics Standards Board for Accountants® (IESBA®);
- International Public Sector Accounting Standards Board® (IPSASB®); and
- International Accounting Education Standards Board™ (IAESB™);
The latest edition of the handbook includes new and revised Auditor Reporting standards designed to enhance auditor’s reports for investors and other users of financial statements, as well as changes to other ISA™ pronouncements to address the auditor’s responsibilities in relation to going concern, financial statement disclosures, and other information (i.e., annual reports). Volume III continues to include the IAASB’s Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality, a topic that is a key area of focus in the IAASB’s current work plan.
These substantive changes will be effective for audits of financial statements ending on or after December 15, 2016.
To access an electronic copy of the handbook for personal use, purchase print copies, or find information on recent developments and outstanding exposure drafts, visit the IAASB’s website at www.iaasb.org.
The 2015 IESBA Handbook contains the entire Code of Ethics for Professional Accountants™. This edition also includes changes to certain non-assurance services pronouncements for both audit and assurance clients that will be effective in 2016. Early adoption is permitted; see “Changes” for details.
To access an electronic copy—available on mobile-optimized and fully searchable web-based platform or in PDF for personal use—purchase print copies, or find information on recent developments and outstanding exposure drafts, visit the IESBA’s website at www.ethicsboard.org.
The 2015 edition is available only in electronic format and contains the complete set of IPSAS™ pronouncements. It also includes the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities, which was published in October 2014.
The 2016 Handbook of International Public Sector Accounting Pronouncements, scheduled to be available in 2Q 2016, will be available in print and electronic versions.
To access an electronic copy of the handbook for personal use, or find information on recent developments and outstanding exposure drafts, visit the IPSASB’s website at www.ipsasb.org.
The 2015 Education Handbook contains the IAESB’s suite of the newly revised and redrafted IES™ 1-6, the re-drafted IES 7, Continuing Professional Development (2014), IES 8, Competence Requirements for Audit Professionals (2008), and the revised Framework for International Education Standards for Professional Accountants and Aspiring Professional Accountants.
One of the more significant changes to the handbook is the addition of a new section that includes the newly revised IES 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements, that has been approved by the IAESB, but is not yet effective.
To access an electronic copy of the handbook for personal use, purchase print copies, or find information on recent developments and outstanding exposure drafts, visit the IAESB’s website at www.iaesb.org.
About the Handbooks
The standards and pronouncements in each of the handbooks were developed by the IAASB, IAESB, IESBA, and IPSASB, respectively. The structures and processes that support the operations of these independent standard-setting boards, including publishing the handbooks, are facilitated by IFAC.
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.