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  1. Following a vote by the IAASB during its last day of the September meeting, IAASB Chair Tom Seidenstein explains why the new quality management standards respond to: The changing environment; Challenge the effectiveness of the IAASB’s pre-existing quality control standards; and Growing market participant needs. The resulting suite of standards are aimed at a more robust system of quality management for firms using the IAASB’s standards, and marks an evolution from a traditional, more linear approach to quality control. Read the Article on LinkedIn http://feeds.feedburner.com/~r/ifa
  2. The International Public Sector Accounting Standards Board (IPSASB) is pleased to announce the re-appointment of its independent Chair, Ian Carruthers, for a third term through 2024. Mr. Carruthers will continue to lead the Board as it continues to focus on delivering high-quality financial reporting standards for the public sector, inspiring their implementation, and, thereby, strengthening public financial management globally. In the coming four years, he will continue to advance the Board’s ambitious standard-setting agenda while remaining responsive to emerging stakeholders needs and buil
  3. Published: Mon, 2020-09-21Items: Anti-Money Laundering, The Basics: Installment 1Image: Disable Login Requirement: 0Issues, Insights & Interest Areas: Public Policy & RegulationLanguage: EnglishPublication Type: Guidance & Support ToolsSource: IFACThis is the first installment of a 6-month publication series titled Anti-Money Laundering, The Basics. Anti-Money Laundering, The Basics is part of a 6-month short series helping professional accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make
  4. Together with The ICAEW, The International Federation of Accountants (IFAC) today released the first installment in its Anti-Money Laundering: The Basics educational series: Installment 1: Introduction to Anti-Money Laundering for Professional Accountants. The publication is part of a 6-month short series helping professional accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest. The series, with its focus on accessibility and ease of use, will be a reso
  5. This is the first installment of a 6-month publication series titled Anti-Money Laundering, The Basics. The series provides professional accountants with a better understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest. To be globally relevant, the series uses the risk-based approach of the Financial Action Task Force (FATF) – the global money laundering and terrorist financing watchdog -- as a starting point. http://feeds.feedburner.com/~r/ifac-publications/~4/JKdzCU2hDCYأضغط على
  6. All IFAC member organizations are required to adopt and implement the International Education Standards, or support their adoption and implementation. This IES self-assessment checklist will help professional accountancy organizations: Facilitate a high-level assessment of the educational requirements for professional accountants in their jurisdictions against the IESs, with a view to further develop roadmaps for IES adoption, thus bringing the quality of professional education in their jurisdiction to an internationally recognized benchmark. Raise awareness about the IESs and their requirem
  7. The International Auditing and Assurance Standards Board (IAASB) today opened a public consultation, Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor’s Responsibilities in a Financial Statement Audit. The consultation will remain open until January 12, 2021. As the auditor’s role in relation to fraud and going concern in audits of financial statements continues to receive heightened public attention, amplified by high-profile corporate failures in recent years, the IAASB has recogniz
  8. The IAASB is seeking perspectives from all of its stakeholders across the financial reporting ecosystem on whether the International Standards on Auditing (ISAs) related to fraud and going concern need to be updated to reflect the rapidly evolving external reporting landscape, and, if so, in what areas. This Discussion Paper sets out the issues and challenges related to the expectation gap (the difference between what users of the financial statements expect and the financial statement audit) and explores some possible actions that the IAASB could undertake to help narrow the expectation gap.
  9. Today, the International Public Sector Accounting Standards Board (IPSASB) is proud to announce that it will achieve gender parity in its membership for the first time. With the appointment of three new Board members, the IPSASB will be comprised of nine woman and nine men beginning January 1, 2021. Additionally, Ms. Lindy Bodewig of South Africa has been appointed IPSASB Deputy Chair for 2021. The new appointees to the IPSASB have been selected following a rigorous nominations and interview process involving the IFAC Nominating Committee, IPSASB leadership, IFAC Board, and the Public Interes
  10. The IAASB invites you to listen in to a high-level roundtable discussion between global leaders, stakeholder groups and the IAASB addressing differences between public perceptions and the auditor’s responsibilities as well as feedback on the new and revised auditor reporting standards on September 28 at 8:15 am live streaming on YouTube. This roundtable, the second in part of an IAASB series, will: Consider the “expectation gap” with regards to fraud and going concern, which includes (among others) knowledge, performance, and evolution gaps; Stimulate discussions with stakeholders to better u
  11. IFAC, the global voice of the accountancy profession, today called for the creation of a new sustainability standards board that would exist alongside the IASB under the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, comparable, reliable, and assurable information relevant to enterprise value creation, sustainable development and evolving stakeholder expectations. IFAC’s overview of the objectives, structure and building blocks of the proposed board can be found at Th
  12. IFAC calls for the creation of a new sustainability standards board that would exist alongside the International Accounting Standards Board under the auspices of the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, reliable, adaptable and assurable information relevant to enterprise value creation, sustainable development and evolving stakeholder expectations. http://feeds.feedburner.com/~r/ifac-publications/~4/cAAz3pf-DN0أضغط على الرابط لزيارة موقع الخبر
  13. David Damant passed away in August 2020. Mr. Damant’s career included decades of service in audit, accounting and investing and asset management. He was the first independent chair of the IAASB’s Consultative Advisory Group from 2004 to 2010. Upon his appointment, then-President of the International Federation of Accountants Rene Ricol said, “Damant has the experience and integrity to chair the IAASB CAG and present important public interest perspectives. High-quality auditing standards are needed in every part of the world to build investor confidence in capital markets. The support of indep
  14. David Damant passed away in August 2020. Mr. Damant’s career included decades of service in audit, accounting and investing and asset management. He was the first independent chair of the IAASB’s Consultative Advisory Group from 2004 to 2010. Upon his appointment, then-President of the International Federation of Accountants Rene Ricol said, “Damant has the experience and integrity to chair the IAASB CAG and present important public interest perspectives. High-quality auditing standards are needed in every part of the world to build investor confidence in capital markets. The support of indep
  15. David Damant passed away in August 2020. Mr. Damant’s career included decades of service in audit, accounting and investing and asset management. He was the first independent chair of the IAASB’s Consultative Advisory Group from 2004 to 2010. Upon his appointment, then-President of the International Federation of Accountants Rene Ricol said, “Damant has the experience and integrity to chair the IAASB CAG and present important public interest perspectives. High-quality auditing standards are needed in every part of the world to build investor confidence in capital markets. The support of indep
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