News and Publications

IFAC Comment Letter on IPSASB Consultation Paper, Advancing Public Sector Sustainability Reporting

IFAC Comment Letter on IPSASB Consultation Paper, Advancing Public Sector Sustainability Reporting

by /0 Comments/in /
IFAC welcomes the opportunity to respond to IPSASB’s Consultation Paper on Advancing Public Sector Sustainability Reporting. As the global voice of the accountancy profession, IFAC represents over 180 professional accountancy organizations in 135 jurisdictions, thereby representing more than three million professional accountants worldwide. IFAC stands ready to engage with the IPSASB, as well as our member…
Read more
2022 Handbook of the International Code of Ethics for Professional Accountants

2022 Handbook of the International Code of Ethics for Professional Accountants

by /0 Comments/in /
This 2022 edition contains recently approved revisions to the Code, including: The revisions to the non-assurance services (NAS) and fee-related provisions of the Code. The revisions to address the objectivity of an engagement quality reviewer (EQR) and other appropriate reviewers. The quality management-related conforming amendments to the Code that were issued as a result of…
Read more
IFAC's Action Plan for Fighting Corruption and Economic Crime

IFAC's Action Plan for Fighting Corruption and Economic Crime

by /0 Comments/in /
IFAC's Action Plan for Fighting Corruption and Economic Crime (Action Plan) provides a framework for how we can enhance the accountancy profession’s role in combating corruption and economic crimes, thereby advancing the UN SDGs. The framework is organized into five overarching pillars and includes over thirty actions, that are meant to evolve over time. While many of…
Read more
Reporting Going Concern Matters in the Auditor's Report

Reporting Going Concern Matters in the Auditor’s Report

by /in /
This non-authoritative Frequently Asked Questions publication addresses some of the common questions related to reporting going concern matters in the auditor’s report. Specifically, the publication focuses on the use of and interrelationship of the Material Uncertainty Related to Going Concern and Key Audit Matters sections, and the Emphasis of Matter paragraphs, in an auditor’s report…
Read more
The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis

The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis

by /in /
The State of Play in Reporting and Assurance of Sustainability Information: Update 2019-2020 Data & Analysis is designed to update understanding (based on 2020 reporting) of market practice for the assurance of environmental, social, and governance (ESG or sustainability) information, globally. This report is an update to the The State of Play in Sustainability Assurance report…
Read more
ISA 315 First-Time Implementation Guide

ISA 315 First-Time Implementation Guide

by /in /
This guide focuses on the more substantial changes that were made to International Standard on Auditing 315 (Revised 2019) and will help stakeholders understand and apply the revised standard as intended. ISA 315 (Revised 2019) is effective for audits of financial statements for periods beginning on or after December 15, 2021. This publication does not…
Read more
IFAC Technology Matrix

IFAC Technology Matrix

by /in /
This Technology Matrix is a quick guide to help stakeholders understand and access the breadth of technology resources available. Featuring content from June 2020-June 2022, the matrix categorized resources using technology ABCs: A: Artificial Intelligence B: Blockchain C: Cyber-security D: Data Governance (& Valuing Data) E: Ethics Other Tech Content (i.e., content not falling within A, B,…
Read more
Webinar Series: Practical Audit Quality Considerations Webinar 3 – Auditor Reporting in the Pandemic Environment and Looking Ahead: Recording & Summary of Key Takeaways

Webinar Series: Practical Audit Quality Considerations Webinar 3 – Auditor Reporting in the Pandemic Environment and Looking Ahead: Recording & Summary of Key Takeaways

by /in /
The focus on auditor’s reports has increased in the current environment as investors and other users of financial statements seek greater transparency from entities around the impacts of Covid-19 in the financial statements, as well as greater transparency into the audit. Covid-19 may result in a rise in modifications to the auditor’s opinion, or have…
Read more