This is the ninth installment of a 12-month publication series titled Exploring the IESBA Code. This installment addresses NOCLAR [for PAPPs]. 

To view all installments of Exploring the IESBA Code, visit the series landing page here.

For more information about the Code, click here.

The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has prepared illustrative examples for auditing expected credit loss (ECL) accounting estimates. The examples illustrate how an auditor could address certain requirements of ISA 540 (Revised), and have been developed to assist the auditor in understanding how ISA 540 (Revised) may be applied to:

This is the eighth installment of a 12-month publication series titled Exploring the IESBA Code. This installment addresses NOCLAR [for PAIBs]. 

To view all installments of Exploring the IESBA Code, visit the series landing page here.

For more information about the Code, click here.

The COVID-19 pandemic and government interventions to mitigate its effects have both immediate and on-going financial impacts. The nature and scale of these interventions vary widely across jurisdictions, as will their longer-term impacts.

To help governments understand the impact of general types of interventions at different points in time for decision making purposes, IFAC and ZHAW, with IPSASB as a Knowledge Partner, created this COVID-19 Intervention Assessment Tool. The Tool provides an immediate way of evaluating the financial impacts of current and planned policy initiatives, and can be used independently of where a jurisdiction is on the path to full accrual.

Professional accountants in business and the public sector have important roles to play in leading their organizations through the current crisis and the 

The International Ethics Standards Board for Accountants (IESBA) Technology Group Phase One Report explores the ethical implications of technology on the accounting, assurance, and finance functions.

The Report is the culmination of work the global ethics standards setting board initiated in recognition of the pace and magnitude of change caused by disruptive technological innovations.

This report highlights takeaways from the September 2019 Professional Accountants in Business (PAIB) Committee meeting, and outlines key priorities for accountants in business.

The report specifically focuses on:

• Integrated value creation;
• The value of data;
• Action on the SDGs;
• Opportunities and challenges for accountants in SMEs; and 
• Professional ethics.

This report provides insight into what it will take to prepare future-ready professional accountants. Capturing conversations from the IFAC Professional Accountants in Business Committee meeting in March 2019, the report focuses on:

• Finance function transformation, with a case study from Prudential Financial, Inc;
• Building data science and analytics capabilities;
• Supporting accountants in professional ethics;
• Effective risk management and internal control; and
• Examining the role of the audit committee.

This report, capturing conversations and takeaways from the IFAC Professional Accountants in Business Committee meeting in September 2018, provides insight into finance function transformation, including opportunities and challenges facing the profession.

Key topics covered include: