News and Publications

Improvements to IPSAS, 2021

Improvements to IPSAS, 2021

The International Public Sector Accounting Standards Board® (IPSASB®) has issued Improvements to IPSAS, 2021.  Improvements to IPSAS, 2021 includes general improvements and International Financial Reporting Standards® (IFRS®) alignment improvements to IPSAS. General improvements consist of proposals for minor amendments to IPSAS identified by stakeholders. IFRS alignment improvements consist of proposals for minor amendments to IPSAS sourced from recent…
Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards

Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards

The Conforming and Consequential Amendments to the IAASB’s Other Standards as a Result of the New and Revised Quality Management Standards are the limited amendments to the IAASB’s suite of standards in response to the quality management standards. The amendments address any actual or perceived inconsistencies between the quality management standards and the full suite of…
IFAC Comment Letter on IFRS Practice Statement 1, Management Commentary

IFAC Comment Letter on IFRS Practice Statement 1, Management Commentary

A fundamental tenant of IFAC’s vision about the information companies provide to investors and stakeholders is that reporting and disclosure should capture all relevant information about organizations. To be accountable, companies need to provide a clear and comprehensive picture of their organization’s ability to create sustainable value over time. As stated in the Point of…
IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24 – November 24, 2021

IFAC Comment Letter on the FATF's Draft Amendments to Recommendation 24 – November 24, 2021

IFAC welcomes the opportunity to comment on the FATF’s review of Recommendation 24 relating to beneficial ownership transparency. IFAC—and the global accountancy profession that we represent—strongly supports the work of the FATF and others in advancing the fight against money laundering, terrorism financing and the proliferation of weapons of mass destruction. Supporting and contributing to this…
Strategic Plan

Strategic Plan

We are firmly in an age of disruption. No matter what the “new normal” looks like, it will not look that way for long. To anticipate events—as a society and as a profession—we need to see them as the effects of simultaneous and dynamic trends. The climate crisis and digitalization are accelerating at the same…
Detailed Quarterly Work Plan for 2022‒2023

Detailed Quarterly Work Plan for 2022‒2023

The detailed quarterly forward work plan sets out the expected progression of the IAASB’s projects for the IAASB’s proposed Work Plan for 2022‒2023 to be approved at the IAASB’s December 2021 meeting, and is subject to approval by the Public Interest Oversight Board (PIOB) in the first quarter of 2022. If necessary, an updated version…
The IESBA eNews, December 2021

The IESBA eNews, December 2021

This 2-page newsletter includes highlights of the various activities going on in and around the IESBA. In this edition, learn more about IESBA's technology initiative, the upcoming virtual Board Meetings, and much more. 
Technology is a double-edged sword with both opportunities and challenges for the accountancy profession: Paper 2

Technology is a double-edged sword with both opportunities and challenges for the accountancy profession: Paper 2

This paper is the second of four thought leadership pieces that build on a collaborative exploratory paper and global roundtable event held jointly with Chartered Professional Accountants of Canada (CPA Canada) and the Institute of Chartered Accountants of Scotland (ICAS), entitled Ethical Leadership in an Era of Complexity and Digital Change. The exploratory paper, a…
Non-Authoritative Support Material: Using Automated Tools and Techniques on Audit Planning

Non-Authoritative Support Material: Using Automated Tools and Techniques on Audit Planning

This publication highlights the impact of technology when applying certain aspects of the International Standards on Auditing (ISAs). It focuses on specific considerations for planning an audit in accordance with ISA 300, Planning an Audit of Financial Statements, that may be relevant when using automated tools and techniques. This publication does not amend or override…
IFAC's Vision for High-Quality Assurance of Sustainability Information

IFAC’s Vision for High-Quality Assurance of Sustainability Information

This vision addresses the importance of global standards, regulation that supports decision-useful disclosure, and the value of an interconnected approach to sustainability and financial information reporting and assurance. It also highlights best practices identified during IFAC's year-long, global engagement campaign related to the State of Play in Sustainability Assurance.  Access more of IFAC's sustainability assurance resources here.