The International Education Standards (IESs), issued by IFAC, set forth the principles that professional accountancy organizations should follow to build a national accountancy profession that is fully capable of fulfilling the complex demands economies and societies place on it.

The International Auditing and Assurance Standards Board (IAASB) sets high-quality international standards for auditing, assurance, and quality management that strengthen public confidence in the global audit and assurance profession.

This updated Questions and Answers publication has been issued by IPSASB staff to highlight how IPSAS reflect the accounting consequences of sovereign debt restructuring transactions.