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Transnational Auditors Committee |
| TAC Newswire |
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IFAC Seeks Nominations for 2010 Board and Committee Members and Three Chairs (February 17, 2009) |
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New IFAC Paper Highlights Roles of Regulators and Profession in Standard-Setting Process (December 12, 2008) |
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Robert Bunting Assumes Presidency of IFAC; Council Names Göran Tidström Deputy President (November 14, 2008) |
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IFAC Supports Convergence in the Reporting of Financial Instruments (October 17, 2008) |
The Transnational Auditors Committee (TAC) is an committee of IFAC dedicated to representing and meeting the needs of the members of the Forum of Firms (FOF). It plays a major role in encouraging member firms to meet high standards in the international practice of auditing. A fact sheet summarizes the structure of the TAC and FOF, their roles and responsibilities, and FOF membership requirements.
Role And Responsibilities
Specific responsibilities of the TAC include:
- Identifying audit practice issues. When the issues suggest changes in auditing or assurance standards may be required, recommend to the appropriate IFAC standard setting boards that the issue be reviewed.
- Providing a forum to discuss "best practices" in areas including quality control, auditing practices, independence, and training and development.
- Participating in the IFAC Regulatory Liaison Group and identifying qualified candidates to serve on IFAC standard setting boards.
- Acting as a formal conduit for interaction among transnational firms and international regulators and financial institutions with regard to audit quality, systems of quality control, and transparency of international networks.
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TAC Policy and Guidance Statements
TAC Guidance Statements
Good Practice Guidance
- Globally Directed Internal Inspection Programs
- Tone at the Top and Audit Quality
- Perspectives on the Global Application of IFRS
TAC Policy Statements
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Key Contacts
P. Nicholas Fraser, Chair, TAC (nickfraser@ifac.org)
Barry Naik, Technical Manager, TAC/Member Body Development (barrynaik@ifac.org)
Shermie Lee, Administrative Assistant (shermielee@ifac.org)
For a complete list of TAC members, click here.
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