News and Publications

IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24

IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24

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IFAC welcomes the opportunity to comment on the FATF’s review of Recommendation 24 relating to beneficial ownership transparency. IFAC—and the global accountancy profession that we represent—strongly supports the work of the FATF and others in advancing the fight against money laundering, terrorism financing and the proliferation of weapons of mass destruction. Supporting and contributing to this…
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Proposed Quality Management-related Conforming Amendments to the Code

Proposed Quality Management-related Conforming Amendments to the Code

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The Proposed Quality Management-related Conforming Amendments exposure draft looks to align the International Code of Ethics for Professional Accountants with the IAASB’s suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these IAASB standards. The review has encompassed the recent revisions to…
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PUBLIC SECTOR SPECIFIC FINANCIAL INSTRUMENTS UNDER IPSAS

PUBLIC SECTOR SPECIFIC FINANCIAL INSTRUMENTS UNDER IPSAS

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This Questions and Answers (Q&A) publication is issued by the staff of the International Public Sector Accounting Standards Board (IPSASB) to provide information on accounting for certain public sector specific financial instrument transactions. This publication highlights IPSAS guidance included to aid constituents in accounting for certain public sector specific transactions. 
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Quality Management Webinar Series

Quality Management Webinar Series

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The Quality Management webinar series, hosted by the IAASB in collaboration with IFAC, takes a deep dive into aspects of the IAASB’s International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements. The webinar series focused on: Webinar One: All You…
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Exposure Draft (ED) 80, Improvements

Exposure Draft (ED) 80, Improvements

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Exposure Draft (ED) 80, Improvements to IPSAS, 2021 proposes minor improvements to IPSAS to address issues raised by stakeholders and proposes minor amendments sourced from recent IFRS improvements and narrow scope projects. The proposals in this exposure draft may be modified in light of comments received before being issued in final form. Comments are requested…
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IPSASB Mid-Period Work Program Consultation

IPSASB Mid-Period Work Program Consultation

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The International Public Sector Accounting Standards Board® (IPSASB®) has published a Consultation Document that seeks your input in determining what projects are most important to you in delivering the Strategy and Work Plan 2019-2023.  The IPSASB has prioritized projects by applying the project prioritization criteria in the Strategy, and drawing on stakeholder feedback obtained during its development. The IPSASB will commence the new…
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DELIVERING THROUGH CHALLENGING TIMES: IPSASB 2019-2020 BIENNIAL REVIEW

DELIVERING THROUGH CHALLENGING TIMES: IPSASB 2019-2020 BIENNIAL REVIEW

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The IPSASB's Biennial Review, Delivering Through Challenging Times, summarizes the Board’s successes, challenges, and key outputs during 2019 and 2020.  The majority of the Board’s projects during the review period were public sector-specific in nature and aimed at closing perceived gaps in the IPSASB’s suite of standards, while maintaining alignment with International Financial Reporting Standards, when appropriate.  The…
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2020 IFAC Integrated Annual Review

2020 IFAC Integrated Annual Review

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IFAC's annual review is a significant element of accountability to member organizations, the Forum of Firms, and other key stakeholders. It provides an overview of IFAC, including governance and stakeholder engagement, strategic objectives, value creation process, and performance highlights. 2020 was an exceptionally difficult year by any standard. And yet, all around the world, people…
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Exposure Draft, Proposed International Standard on Auditing of Financial Statements of Less Complex Entities

Exposure Draft, Proposed International Standard on Auditing of Financial Statements of Less Complex Entities

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Smaller, less complex entities play a vital role in the world’s economy. In an increasingly complex world with evolving reporting needs, a need for a set of high-quality requirements tailored for the audits of less complex entities has emerged. With this consultation, the IAASB is moving to provide a globally consistent approach at a time…
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Academic Advisory Group

Academic Advisory Group

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In 2019, to maximize the contribution the academic community can make to the development of high quality IPSAS, the IPSASB created its Academic Advisory Group (AAG). It is chaired by former IPSASB Chair, Andreas Bergmann, and includes IPSASB’s academic members, as well as representatives of the Comparative International Governmental Accounting Research Network and International Research…
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