News and Publications

Survey Consultation: Work Plan, 2022-2023

Survey Consultation: Work Plan, 2022-2023

The IAASB is consulting on its Work Plan for 2022–2023 through an online survey. Guided by its strategic objectives for 2020-2023, the IAASB’s current—and future—work is tailored to serve the public interest. The survey is designed to help the IAASB develop its Work Plan for 2022–2023 through understanding what is important to its stakeholders. To…
Enhancing Corporate Reporting: Sustainability Building Blocks

Enhancing Corporate Reporting: Sustainability Building Blocks

IFAC's new building blocks approach to reporting sustainability information enhances the previously issued roadmap, The Way Forward. With this new step, IFAC hopes to foster discussion on how this approach can deliver a global system for consistent, comparable, and assurable sustainability-related information that best meets the needs of investors and other stakeholders. IFAC welcomes feedback…
Revised Detailed Work Plan Table for 2020‒2021

Revised Detailed Work Plan Table for 2020‒2021

After consultations with the Public Interest Oversight Board, the IAASB has published a revised detailed work plan that supersedes its work plan published in February 2021. The work plan was revised to account for the continued impact of the COVID-19 pandemic on both board operations and stakeholders’ capacity to implement new standards and participate in…
Groundbreakers: Gen Z and the Future of Accountancy

Groundbreakers: Gen Z and the Future of Accountancy

Amid a rapidly changing world, the first digital native generation is entering the workforce. This joint report from ACCA (the Association of Chartered Certified Accountants) and IFAC (the International Federation of Accountants) draws upon the responses of 9,000+ 18-25 year olds to gain insights into how Generation Z’s top concerns may influence what they want…
Framework for Activities

Framework for Activities

The Framework describes the IAASB’s operating processes and procedures for advancing standard-setting and other related activities. By being more deliberate and evidence-based, the IAASB will be more responsive to the key public interest challenges in audit and assurance. The Framework sets out the following key components: Information gathering and research activities; Revising and developing standards;…
Final Pronouncement: Revisions to the Non-Assurance Service Provisions of the Code

Final Pronouncement: Revisions to the Non-Assurance Service Provisions of the Code

The revised NAS provisions contain substantive revisions that will enhance the International Independence Standards (IIS) by clarifying and addressing the circumstances in which firms and network firms may or may not provide a NAS to an audit or assurance client. The revised provisions include new requirements that expressly prohibit firms and network firms from providing…
Final Pronouncement: Revisions to the Fee-related Provisions of the Code

Final Pronouncement: Revisions to the Fee-related Provisions of the Code

The revisions to the fee-related provisions of the code include a prohibition on firms allowing the audit fee to be influenced by the provision of services other than audit to the audit client; in the case of PIEs, a requirement to cease to act as auditor if fee dependency on the audit client continues beyond…
NAS and Fees Infographic

NAS and Fees Infographic

Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements

Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements

The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements. ED 76 streamlines the measurement principles in the Conceptual Framework by eliminating unused measurement bases and enhancing focus on those that are commonly used. The ED proposes a clear measurement…
Exposure Draft (ED) 76, Conceptual Framework Chapter 7, Measurement of Assets and Liabilities in Financial Statements: Update

Exposure Draft (ED) 76, Conceptual Framework Chapter 7, Measurement of Assets and Liabilities in Financial Statements: Update

The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements. ED 76 streamlines the measurement principles in the Conceptual Framework by eliminating unused measurement bases and enhancing focus on those that are commonly used. The ED proposes a clear measurement…