The Annual Report summarizes the International Ethics Standards Board for Accountants (IESBA)’s achievements, project developments, and operating context in 2015.

In 2015, the IESBA achieved a high level of outputs with respect to standard setting, progressing all the projects on its Work Plan. The IESBA also continued to pursue an extensive stakeholder outreach program, sought closer coordination and cooperation with the IAASB, and dedicated attention to emerging issues of international relevance. Highlights include:  

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

The International Auditing and Assurance Standards Board (IAASB) 2014/2015 Biennial Report, Championing Change in the Public Interest, explains how the IAASB is responding to the ever-evolving environment in which audits and other assurance services are conducted.

The IFAC Member Compliance Program serves the public interest by promoting the adoption and supporting the implementation of international standards on private and public sector accounting, auditing, ethics, and education, as well as the establishment of related quality assurance and enforcement mechanisms.

The IFAC Member Compliance Program influences the actions and drives the behaviors of IFAC member bodies around the world by focusing attention and resources on the role of professional accountancy organizations (PAOs) in improving the quality of the accountancy profession, thereby supporting the IFAC mission and strengthening public confidence in the global profession.

In 2014, the IESBA worked to enhance its responsiveness to emerging issues of international relevance in the context of continued heightened scrutiny on ethics following the global financial crisis, and an ever-evolving global environment, all while consolidating its efforts to deliver on its existing strategic commitments, including:

IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards^® (IPSASs®) and include an independent auditor’s report. Notable in the 2014 Financial Statements is a substantial surplus.

This At a Glance provides a quick overview of the key features of the IAASB’s Strategy for 2015–2019 and Work Plan for 2015-2016.

The IAASB’s Work Plan for 2015–2016 sets out the IAASB’s priorities and actions for the 2015–2016 period, including the board’s initial views on the issues that may be addressed and the manner in which this may be done. 

The IAASB’s Strategy for 2015–2019 describes the board’s three strategic objectives that articulate its vision over the medium term: