To meet their sustainability commitments, companies are increasingly focused on financing sustainability-related transition projects that require extensive capital at lower cost.
Exploring the IESBA Code - A Focus on Technology looks at challlenges professional accountants might face when applying the conceptual framework of the IESBA Code to technology-related matters.
Insights from the PAO Development & Advisory Group
This new report will guide professional accountancy organizations in how they can act today to prepare their current and future members to seize opportunities presented by emerging trends using insights from the IFAC Professional Accountancy Organization Development and Advisory Group. These insights address four emerging trends—sustainabilityrelated reporting, anti-corruption efforts, sound public financial management, and technological change—that will help PAOs ensure their own and their members’ resilience, relevance and adaptability today and into the future.
Amendments to IAS 1 and the Impact on the ISAs: Disclosure of Material Accounting Policy Information has been developed by the International Auditing and Assurance Standards Board’s (IAASB’s) International Accounting Standards Board (IASB) Liaison Working Group to address the impact on the International Standards on Auditing (ISAs) of certain narrow-scope amendments made by the IASB to International Accounting Standard (IAS) 1, Presentation of Financial Statements (the “amendments”).
Workshop series focused on IFAC member requirements
Beginning in October 2021, the ASEAN Federation of Accountants (AFA) hosted a series of seven monthly workshops focusing on IFAC’s requirements for member organizations, the Statements of Membership Obligations (SMOs). The last workshop was held in May 2022.
In late 2020, the International Auditing and Assurance Standards Board (IAASB) issued three new and revised quality management standards. The standards strengthen and modernize how a firm of any size or level of complexity approaches quality management. This document provides links to IFAC and IAASB materials that can help firms implement the new standards.
Since IFAC issued the International Standards: 2019 Global Status Report, IFAC member organizations have continued to progress the adoption of international standards, which ultimately supports greater economic growth and financial market stability. This is especially important and noteworthy given that the last few years were exceptionally difficult as the world responded to and recovered from the COVID pandemic.
ISA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement
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 amend or override ISA 315 (Revised 2019), the text of which alone is authoritative. Reading this publication is not a substitute for reading the standard.
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 prepared in accordance with the International Standards on Auditing (ISAs).
