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The Staff of CPA Canada and IESBA jointly released this publication, which highlights the heightened risks of money laundering, terrorist financing and cybercrime in the COVID-19 environment. It describes the implications for both professional accountants in business and public practice. 

Focusing on the effective and consistent application of our standards, the IAASB is addressing issues and challenges related to complexity, understandability, scalability and proportionality. This communique details development plans for a separate standard for audits of less complex entities.

Professional accountancy organizations are witnessing several trends placing new demands on professional accountants’ skillset and roles. The accountancy profession will need to adapt in a meaningful way to tackle the future needs of the profession but how? Where do professional accountancy organizations fit in?

Preparing the accountancy profession for the future requires a comprehensive, integrated approach to international accountancy education. Our profession needs to ensure current and future professional accountants are equipped with the skills, capabilities, and ethical behavior required for a rapidly changing environment. On December 19, IFAC will host a one-hour webinar on a future model for advancing international accountancy education in the public interest. The webinar will preview planning to date and provide an outline of the model prior to approval and implementation in 2019.

In honor of International Day of Persons with Disabilities, which will take place on December 3 2018, IFAC’s Professional Accountancy Organization Capacity Building Program will host a webinar promoting empowerment and ensuring inclusion and accommodation for persons with disabilities. Relevant experts from accountancy wil share their perspectives and highlight their organizations’ practices.

Watch the April 17, 2019 IESBA webinar supporting the rollout of its International Code of Ethics for Professional Accountants (including International Independence Standards).