As the global organization for the accountancy profession, IFAC is committed to protecting the public interest by developing high-quality international standards, promoting strong ethical values, encouraging quality practice, and supporting the development of all sectors of the profession around the world. To learn more about IFAC's mission and values, view the IFAC Video.
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IAESB Consults: Competence Requirements for Audit Professionals - The International Accounting Education Standards Board (IAESB) seeks comments on proposed revisions to International Education Standard (IES) 8, Competence Requirements for Audit Professionals. Input is sought on a number of issues, including the standard's target audience and the knowledge, skills, and advanced-level competencies required to work as an audit professional. Comments on the Consultation Paper may be submitted online through June 15, 2010.
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IFAC Releases Revised Results of Global Survey - IFAC has released the revised results of its 2009 Third Annual Global Leadership Survey of the presidents and chief executives of its member bodies, who lead global professional accountancy institutes, and regional organizations and groupings. The survey, which indicates that international standards are crucial to investor and financial stability, received over 110 responses. The survey also identified the top priorities of the accountancy profession's leadership, which will be considered as IFAC develops its strategic plan for 2011-2014.
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IPSASB Releases New Financial Instruments Standards - The International Public Sector Accounting Standards Board (IPSASB) has published three new standards that cover all aspects of the accounting for and disclosure of financial instruments. The new standards, IPSASs 28-30, are primarily drawn from the International Accounting Standards Board's standards, but address a number of public sector-specific issues. To download the three IPSASs, please visit the IPSASB section of IFAC's Publications and Resources site: web.ifac.org/publications.
IFAC is comprised of 159 members and associates in 124 countries and jurisdictions, representing over 2.5 million accountants. Member bodies participate in IFAC's Member Body Compliance Program, demonstrating their commitment to promoting high quality standards for the world's accountants. Member and associate responses to Parts 1 and 2 of the Compliance Program, and action plans developed to further convergence and meet other IFAC membership requirements, have been posted to IFAC's website.
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