News and Publications

The State of Play: Sustainability Disclosure & Assurance 2019-2021 Trends & Analysis

The State of Play: Sustainability Disclosure & Assurance 2019-2021 Trends & Analysis

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The State of Play in Sustainability Assurance benchmarking study captures and analyzes the extent to which companies are reporting and obtaining assurance over their sustainability disclosures, which assurance standards are being used, and which companies are providing the assurance service. The 2019-2021 Trends & Analysis report marks our third annual benchmarking study of global practice…
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Non-Authoritative Support Material Related to Technology

Non-Authoritative Support Material Related to Technology

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This Frequently Asked Questions (FAQ) helps address investigating exceptions and the concept of performance materiality when performing audit procedures using automated tools & techniques (ATT). While not unique to ATT, questions on these topics have become more prevalent with the increasing use of ATT, which enable analyzing data sets with large volumes of information. The…
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Digital Transformation and the Role of Accounting and Finance Professionals in this New Era

Digital Transformation and the Role of Accounting and Finance Professionals in this New Era

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Professional Accountants in Business (PAIB) are on new pathways to relevance as enablers of digitalization and finance and business transformation. This Procter and Gamble case study, created with IMA (Institute of Management Accountants), highlights how the profession is seizing new opportunities and responding to new complexity.  Read more insights from IFAC’s Professional Accountants in Business…
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The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019)

The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019)

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This implementation tool helps auditors implement the International Auditing and Assurance Standards Board’s International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement, which is effective for audits of financial statements for periods beginning on or after December 15, 2021. The tool provides an overview of core concepts and…
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Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600

Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600

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This fact sheet focuses on the interactions between International Standard on Auditing (ISA) 220 (Revised) on quality management at the engagement level and ISA 600 on group audits. It highlights aspects of a group audit that may be affected by ISA 220 (Revised) and International Standard on Quality Management (ISQM) 1. This includes the revised…
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Continuing with the Development of Global Ethics and Independence Standards for Sustainability Reporting and Assurance

Continuing with the Development of Global Ethics and Independence Standards for Sustainability Reporting and Assurance

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Proposed Strategy and Work Plan for 2024‒2027

Proposed Strategy and Work Plan for 2024‒2027

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This proposed strategy seeks to accelerate the actions originally laid out in the 2020-2023 strategy with a focus on standard setting that supports the performance of high-quality audit and assurance engagements. It outlines four strategic objectives: Support the consistent performance of quality audit engagements by enhancing our auditing standards in areas where there is the…
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