IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
The International Ethics Standards Board for Accountants® (IESBA®) is an independent standard-setting body that serves the public interest by setting robust, internationally appropriate ethics standards, including auditor independence requirements, for professional accountants worldwide. These are compiled in the Code of Ethics for Professional Accountants™.
The IESBA Is Hiring
Are you seeking an exceptional opportunity that combines your understanding of the crucial role ethics plays as a foundation for the entire accountancy profession with your desire to make a difference on a global stage? The global accountancy profession is underpinned by high-quality international standards, including those set by the IESBA and The Code of Ethics for Professional Accountants. These standards help support strong global financial markets and the world’s economy.
The IESBA is hiring a Manager, Standards Development and Technical Projects. For additional information, click here.
Representatives from three of the Consultative Advisory Group (CAG) member organizations discuss the new NOCLAR standard from their various perspectives:
- Lucy Elliott, Director, Internal Audit and Evaluation, Organisation for Economic Cooperation and Development (OECD);
- Anne Molyneux, Director and Member, Governing Board of the International Corporate Governance Network; and
- Matt Waldron, Director, Financial Reporting Policy, CFA Institute.
Final Standard, Responding to Non-Compliance with Laws & Regulations
This new standard sets out a framework to guide auditors and other professional accountants in what actions to take in the public interest when they become aware of a potential illegal act, known as non-compliance with laws and regulations, or NOCLAR, committed by a client or employer.