News and Publications

ISA 540 (Revised) Implementation: Illustrative Examples for Auditing Simple and Complex Accounting Estimates

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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)…
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2019 Financial Statements

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IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards® (IPSAS®) and include an independent auditor’s report.
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Non-Authoritative Support Material: Audit Documentation When Using Automated Tools and Techniques

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The Technology Working Group (TWG) of the International Auditing and Assurance Standards Board (IAASB) published non-authoritative support material related to the auditor’s documentation when using automated tools and techniques (ATT), such as data analytics, robotics automation processes or artificial intelligence applications.  The publication assists auditors in understanding how the use of ATT during an audit…
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Watch and Learn! IESBA Technology Initiative Webinar

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Watch the April 20 webinar to hear about IESBA's initiative on exploring the ethics implications arising from the transformative effects of technological trends and developments on the accounting, assurance, and finance functions.  The presenter, IESBA Technology Task Force Chair, Brian Friedrich, outlined the background to the initiative and explained the key findings and recommendations in the IESBA's Technology…
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Approaches to Beneficial Ownership Transparency: The Global Framework and Views from the Accountancy Profession

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As a result of the COVID-19 pandemic and the unprecedented sums of relief money moving across the global economy, the threat of financial crimes and malfeasance continues to grow. In this context, CPA Canada and IFAC publish this report exploring a key facet of uncovering and fighting illegal activities: beneficial ownership transparency. The fight against…
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Small Business Continuity Checklist

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Small businesses have been disproportionately affected by the COVID-19 pandemic. Most organizations worldwide are small in size, and the importance of small businesses to the global economy is indisputable. The Small Business Continuity Checklist will help small businesses navigate today's crisis and plan for tomorrow's "new normal".
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COVID-19: Ethics and Independence Considerations

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This Questions and Answers (Q&A) publication was developed by the staff of the IESBA to highlight aspects of the International Code of Ethics for Professional Accountants (including International Independence Standards) that might be relevant in navigating ethics and independence challenges and risks as a result of the COVID-19 pandemic. This publication does not amend or…
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