News and Publications

IFAC calls for the creation of a new sustainability standards board that would exist alongside the International Accounting Standards Board under the auspices of the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, reliable, adaptable and assurable information…

Listen to the recording of the second webinar on the Exposure Draft of Proposed ISA 600 (Revised), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors), which was held on August 13, 2020. This 90-minute webinar covers questions on the Exposure Draft submitted by participants and answered by members of the ISA…

In this statement, IFAC CEO, Kevin Dancey, and Richard Chambers, President and CEO of The Institute of Internal Auditors (The IIA) share specific recommendations for organizations to more vigorously confront uncertainties and turmoil that may threaten their integrity, transparency, and accountability. These recommendations are part of a call-to-action for audit committees given current and future…

The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has prepared illustrative examples for auditing simple and complex accounting estimates. The following illustrative examples are designed to illustrate how an auditor could address certain requirements of ISA 540 (Revised), and have been developed to assist the auditor in understanding how ISA 540 (Revised)…