These videos—available in English, French, Mandarin and Spanish—explain the key aspects of the new and revised quality management standards to help stakeholders begin their implementation efforts.
Focusing on the effective and consistent application of our standards, the IAASB has published a new communique detailing its next steps to address complexity, understandability, scalability, and proportionality, including in the audits of financial statements of less complex entities.
The communique details the IAASB’s efforts to balance the needs of all its stakeholders by developing a separate standard focused on less complex entities while simultaneously addressing complexity, understandability, scalability and proportionality in the International Standards on Auditing more broadly.
Focusing on the effective and consistent application of our standards, the IAASB is addressing issues and challenges related to complexity, understandability, scalability and proportionality. While there is a particular focus on audits of less complex entities, the work is also considering the suite of ISAs more broadly. This Communique highlights our efforts and sets out what we are planning.
Like every profession, accountancy will emerge from COVID-19 changed. We will be accustomed to digital processes we once thought impossible. Our change management abilities will be sharper than ever. How we anticipate the future will be informed by an experience many of us never imagined would happen.
This report captures the discussions of the September 2020 meeting of the Professional Accountants in Business Advisory Group, focusing on:
Train the Trainer: Introduction to IPSAS is a package of training materials developed by IFAC to assist government and government entities wishing to report in accordance with the accrual based International Public Sector Accounting Standards (IPSAS).
