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IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
Home Auditing & Assurance
The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves the public interest by setting high-quality international standards for auditing, assurance, and other related areas, and by facilitating their adoption and implementation. In doing so, the IAASB enhances the quality and consistency of practice throughout the world and strengthens public confidence in the global auditing and assurance profession.
The New Auditor’s Report: A Comparison between the ISAs and the PCAOB Reproposal
Following the US Public Company Accounting Oversight Board's (PCAOB) recent release of its Reproposed Auditing Standard, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, the IAASB's Auditor Reporting Implementation Working Group has prepared The New Auditor’s Report: A Comparison between the ISAs and the PCAOB Reproposal to assist interested parties in understanding key aspects of the IAASB's new and revised Auditor Reporting standards issued in January 2015 and the PCAOB Reproposal.
Video Discussion of Contributors to Audit Quality and Other Projects
In this video interview, IAASB Chairman Prof. Arnold Schilder and IESBA Chairman Stavros Thomadakis discuss topics of mutual relevance, including audit quality, the Code of Ethics, non-compliance with laws and regulations (NOCLAR), and professional skepticism, which is one of the three main areas under review in the IAASB’s Invitation to Comment (ITC), Enhancing Audit Quality in the Public Interest.
Video Supplement to Invitation to Comment, Enhancing Audit Quality
IAASB Member and Chair of the Group Audits and the Enhancements Working Groups Megan Zietsman reviews the key elements of the Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC) and the ITC Overview.
New and Revised Auditor Reporting Standards Countdown
The new and revised Auditor Reporting standards are effective for audits of financial statements for periods ending on or after December 15, 2016.