International standards for auditing and ethics play a critical role in the global financial infrastructure, assisting in promoting economic stability and international consistency, and in doing so, enhancing international financial and capital flows essential to a thriving global economy. This is especially important for emerging economies.
The IPSASB adopted an open and inclusive process throughout the development of the 2019-2023 Strategy and Work Plan. This included discussions and dialogue with different stakeholder groups including: (a) National standard setters (through the Public Sector Standard Setters Forum); (b) Jurisdictions using IPSAS or in the process of adopting and implementing IPSAS; and (c) The IPSASB Consultative Advisory Group (CAG) and the Public Interest Committee (PIC).
Consistent with IFAC’s Strategy implementation approach, the Quality & Development (Q&D) staff, with the advice and oversight of the Compliance Advisory Panel (CAP), prepare annual work programs to implement the IFAC Member Compliance Program Strategy: 2016–2018.
In 2018, the staff of the IFAC Member Compliance Program, in addition to its core activities, will focus on:
Changes in the technology used in the business world have an impact on the information and communications technology skills professional accountants need—both current accountants as well as aspiring accountants. Assessing necessary skills and meeting the need are a challenge for the accounting profession, especially when combined with the growing importance of behavioral skills.
Highlights from the IAASB's December 11 - 15, 2017 meeting in New York, NY.
00:15 – Introduction: Matt Waldron, IAASB Technical Director
00:36 – Highlights & Key Developments: Matt Waldron, IAASB Technical Director
03:19 – ISA 540 (Revised): Rich Sharko, Task Force Chair and IAASB Member
05:38 – ISA 315 (Revised): Fiona Campbell, IAASB Member
10:05 – ISA 220 and ISQC 1: Megan Zietsman, IAASB Deputy Chair
19:49 – Closing Remarks: Matt Waldron, IAASB Technical Director