News and Publications

ISA 220 First-time Implementation Guide

ISA 220 First-time Implementation Guide

by /0 Comments/in /
This non-authoritative First-time Implementation Guide may help stakeholders understand the requirements of the International Standard on Auditing (ISA) 220, Quality Management for an Audit of Financial Statements, and implement the standard in the manner intended. Practitioners are required to have quality management systems designed and implemented in accordance with ISA 220 by December 15, 2022.…
Read more
Non-Authoritative Support Material: Audit Planning When Using Automated Tools and Techniques

Non-Authoritative Support Material: Audit Planning When Using Automated Tools and Techniques

by /0 Comments/in /
This publication highlights the impact of technology when applying certain aspects of the International Standards on Auditing (ISAs). It focuses on specific considerations for planning an audit in accordance with ISA 300, Planning an Audit of Financial Statements, that may be relevant when using automated tools and techniques. This publication does not amend or override…
Read more
Exposure Draft (ED) 81, Proposed Update to Conceptual Framework

Exposure Draft (ED) 81, Proposed Update to Conceptual Framework

by /0 Comments/in /
The objective of ED 81 is to update Chapter 3, Qualitative Characteristics, and Chapter 5, Elements of Financial Statements, of the Conceptual Framework, in light of: The IPSASB’s experience in applying the Conceptual Framework to the development and maintenance of International Public Sector Accounting Standards (IPSAS); and Developments in international thinking about conceptual issues since…
Read more
Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards

Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards

by /0 Comments/in /
The Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards are the limited amendments to the IAASB’s suite of standards in response to the quality management standards. The amendments address any actual or perceived inconsistencies between the quality management standards and the full suite of…
Read more
Non-Authoritative Support Material: Using Automated Tools and Techniques on Audit Planning

Non-Authoritative Support Material: Using Automated Tools and Techniques on Audit Planning

by /0 Comments/in /
This publication highlights the impact of technology when applying certain aspects of the International Standards on Auditing (ISAs). It focuses on specific considerations for planning an audit in accordance with ISA 300, Planning an Audit of Financial Statements, that may be relevant when using automated tools and techniques. This publication does not amend or override…
Read more
IFAC's Vision for High-Quality Assurance of Sustainability Information

IFAC’s Vision for High-Quality Assurance of Sustainability Information

by /in /
This vision addresses the importance of global standards, regulation that supports decision-useful disclosure, and the value of an interconnected approach to sustainability and financial information reporting and assurance. It also highlights best practices identified during IFAC's year-long, global engagement campaign related to the State of Play in Sustainability Assurance.  Access more of IFAC's sustainability assurance resources here.
Read more
The Role of Accountants in Mainstreaming Sustainability in Business

The Role of Accountants in Mainstreaming Sustainability in Business

by /0 Comments/in /
Convening virtually over two days, IFAC’s Professional Accountants in Business (PAIB) Advisory Group, a dynamic global group of business and finance leaders, shared their insights on how accountants are contributing to value creation and sustainability in their organizations in both the private and public sectors and the extent to which digital assets could disrupt industries and gain legitimacy. This report includes highlights from the discussions. 
Read more