News and Publications

IFAC is pleased to respond to the IFRS Foundation’s Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards (the “Exposure Draft” or “ED”). As we noted in our comment letter to the IFRS Foundation Consultation in 2020, IFAC has conducted extensive engagement with its…

Company-reported information about sustainability factors is becoming mainstream—through increased voluntary disclosure as well as through new jurisdiction-specific rules. Investors, as well as other stakeholders, need to have trust and confidence in this information through external assurance—just like financial information. The International Auditing and Assurance Standards Board’s International Standard on Assurance Engagements (ISAE) 3000 (Revised)—founded on…

On June 17, 2021 the IESBA hosted a webinar on the Non-Assurance Services revisions to the IESBA Code. In this 60-minute webinar the IESBA’s Non-Assurance Services (NAS) Task Force Chair, Mr. Richard Fleck and IESBA member and NAS Task Force Member, Ms. Kim Gibson explain the key changes to the revised NAS provisions of the Code.…

This Working Group Briefing Paper has been prepared by the IESBA Technology Working Group. The purpose of the paper is to provide stakeholders with background information on the IESBA’s multi-workstream technology initiative. It sets out, for informational purposes only, a number of questions which the Working Group plans to explore with a broad range of…

This non-authoritative First-time Implementation Guide may help stakeholders understand the requirements of the International Standard on Quality Management (ISQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, and implement the standard in the manner intended. Firms are required to have systems of quality…