This International Public Sector Accounting Standards Board (IPSASB) Social Benefits page is your source for tools and resources to promote awareness, understanding and effective implementation of the new Social Benefits standard, IPSAS 42.
To help our stakeholders understand the IESBA’s recent proposed Code of Ethics changes to promote role and mindset expectation, the IESBA hosted a webinar detailing these changes.
Listen to IESBA Deputy Chair Richard Fleck share an overview of the proposed revisions, including:
Comments to the Exposure Draft, Proposed Revisions to Promote the Role and Mindset Expected of Professional Accountants, are requested by October 31, 2019. For more information, please visit the Role and Expectations web page.
To help our stakeholders understand the IESBA’s recent proposed Code of Ethics changes to promote role and mindset expectation, the IESBA hosted a webinar detailing these changes.
Listen to IESBA Deputy Chair Richard Fleck share an overview of the proposed revisions, including:
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations.
Information contained within the descriptions of Legal and Regulatory Environment, Adoption of International Standards, and Status of Fulfillment by SMO is based on SMO Action Plans provided to IFAC by the IFAC member organizations to which the information relates and on additional publicly available information.
Our work in the public interest requires us to maintain a reputation for clear values and behaviors around our actions and working relationships. Therefore, all staff, consultants and volunteers commit to abide by the IFAC Code of Conduct. The Code of Conduct has three main parts:
Dear Stakeholders:
On behalf of the IAASB, we are pleased to share our public report, Foundation for the Future, summarizing the Board’s achievements from January 1, 2016 to June 30, 2019.
This period, chaired by Professor Arnold Schilder, was one of great productivity for our Board and staff. Five new and revised standards were approved. Six exposure drafts were issued and we consulted with stakeholders on five key areas. The IAASB also published nine project proposals, project updates and feedback statements. To help our stakeholders better understand and implement our standards, the IAASB developed 31 implementation and support resources.
In line with the 2015-2019 strategy, the IAASB’s activities have focused on enhancing audit quality and addressing engagements other than audits of financial statements. The IAASB has also increasingly focused on what more can be done to better understand and address the challenges some users face in applying the International Standards on Auditing in audits of less complex entities.
In addition, the IAASB has remained true to our commitment to a rigorous program of international outreach (IAASB members and staff engaging with stakeholders by way of personal visits and meetings, participation in conferences, discussion groups and forums, as well as webinars and other methods of communication to inform and engage on technical topics). From 2016 to 2019, almost 400 outreach activities across 44 countries were conducted with key stakeholder groups. By working with our stakeholders and strengthening our relationships, we are better able to understand issues affecting our standards and promote their adoption and implementation.
As we enter a new phase for the IAASB, we are proud of the broad reach of our standards and recognize the significant responsibilities that come with this. During the period covered by this report, the number of jurisdictions worldwide that use or are committed to using the International Standards on Auditing increased from 111 to 130.
We are now completing the development of a new strategy and work plan in the knowledge that there is a strong foundation in place. At the same time, we accept the need to identify and respond to emerging challenges to ensure that we continue to deliver international standards that are relevant, robust and operable.
Yours sincerely,
Tom Seidenstein Willie Botha
Chair (Effective July 2019) Technical Director
Letter to Stakeholders