News and Publications

2022 Handbook of the International Code of Ethics for Professional Accountants

2022 Handbook of the International Code of Ethics for Professional Accountants

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This 2022 edition contains recently approved revisions to the Code, including: The revisions to the non-assurance services (NAS) and fee-related provisions of the Code. The revisions to address the objectivity of an engagement quality reviewer (EQR) and other appropriate reviewers. The quality management-related conforming amendments to the Code that were issued as a result of…
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IFAC's Action Plan for Fighting Corruption and Economic Crime

IFAC's Action Plan for Fighting Corruption and Economic Crime

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IFAC's Action Plan for Fighting Corruption and Economic Crime (Action Plan) provides a framework for how we can enhance the accountancy profession’s role in combating corruption and economic crimes, thereby advancing the UN SDGs. The framework is organized into five overarching pillars and includes over thirty actions, that are meant to evolve over time. While many of…
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Reporting Going Concern Matters in the Auditor's Report

Reporting Going Concern Matters in the Auditor’s Report

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This non-authoritative Frequently Asked Questions publication addresses some of the common questions related to reporting going concern matters in the auditor’s report. Specifically, the publication focuses on the use of and interrelationship of the Material Uncertainty Related to Going Concern and Key Audit Matters sections, and the Emphasis of Matter paragraphs, in an auditor’s report…
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The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis

The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis

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The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis is designed to update understanding (based on 2020 reporting) of market practice for the assurance of environmental, social, and governance (ESG or sustainability) information, globally. This report is an update to the The State of Play in Sustainability Assurance report…
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ISA 315 First-Time Implementation Guide

ISA 315 First-Time Implementation Guide

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This guide focuses on the more substantial changes that were made to International Standard on Auditing 315 (Revised 2019) and will help stakeholders understand and apply the revised standard as intended. ISA 315 (Revised 2019) is effective for audits of financial statements for periods beginning on or after December 15, 2021. This publication does not…
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IFAC Technology Matrix

IFAC Technology Matrix

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This Technology Matrix is a quick guide to help stakeholders understand and access the breadth of technology resources available. Featuring content from June 2020-June 2022, the matrix categorized resources using technology ABCs: A: Artificial Intelligence B: Blockchain C: Cyber-security D: Data Governance (& Valuing Data) E: Ethics Other Tech Content (i.e., content not falling within A, B,…
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Webinar Series: Practical Audit Quality Considerations Webinar 3 – Auditor Reporting in the Pandemic Environment and Looking Ahead: Recording & Summary of Key Takeaways

Webinar Series: Practical Audit Quality Considerations Webinar 3 – Auditor Reporting in the Pandemic Environment and Looking Ahead: Recording & Summary of Key Takeaways

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The focus on auditor’s reports has increased in the current environment as investors and other users of financial statements seek greater transparency from entities around the impacts of Covid-19 in the financial statements, as well as greater transparency into the audit. Covid-19 may result in a rise in modifications to the auditor’s opinion, or have…
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Championing an Integrated Mindset to Drive Sustainability and Value Creation

Championing an Integrated Mindset to Drive Sustainability and Value Creation

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To deliver useful information for internal decision-making, as well as for comprehensive, trustworthy corporate reporting, businesses can break down functional and information silos with an integrated mindset, bringing together information from corporate functions and external sources about sustainability impacts and related opportunities and risks that are relevant to the value creation process. To help meet…
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