IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards (IPSAS) and include an independent auditor’s report.

The Report, Ethics and Trust – Breaking New Ground includes messages from IESBA’s Chairman and its Senior Technical Director and summarizes the Board’s accomplishments from June 1, 2016 to July 31, 2020. This includes:

On July 14, the Monitoring Group published its final paper (the “Paper”) concerning reforms to the global standard-setting process for audit, assurance and ethics, Strengthening The International Audit And Ethics Standard-Setting System.

IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards (IPSAS) and include an independent auditor’s report.

The global search for volunteer members to serve on the International Public Sector Accounting Standards Board (IPSASB) is underway. The IPSASB is an independent standard-setting body that works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards® (IPSAS®), IPSASB Sustainability Reporting Standards™ (IPSASB SRS™), and other high-quality reporting guidance for use by governments and other public sector entities.

This report offers a comprehensive overview of the IAASB’s progress in addressing key public interest issues and reiterates its strategic direction to continue bolstering confidence in audits and assurance engagements.

This interactive review of 2023 features comprehensive accounts of the Board’s projects and insights from its leaders, illustrating a period of significant achievement, including the approval and subsequent launches of the Exposure Draft on International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA) and ethics standards for sustainability reporting and the final Ethics Standards for Tax Planning and Related Services. 2023 also saw the board approve an Exposure Draft on Using the Work of an External Exper

IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards (IPSAS) and include an independent auditor’s report.

The IAASB's strategy and work plan for 2024-2027 is aimed at enhancing consistency and quality of audit and assurance standards worldwide and reflects the crucial role of audit and assurance in fostering trust in the world’s economies.

Key highlights of the Strategy include:

IFAC’s Strategic Plan is a global roadmap designed to help guide the work of the accountancy profession. It reflects the priorities of our 180 member organizations, which collectively serve the public interest by ensuring that society has access to a robust, ethical and future ready workforce of professional accountants.