International Standards: 2022 Global Adoption Status Snapshot

[News]

Since IFAC issued the International Standards: 2019 Global Status Report, IFAC member organizations have continued to progress the adoption of international standards, which ultimately supports greater economic growth and financial market stability. This is especially important and noteworthy given that the last few years were exceptionally difficult as the world responded to and recovered from the COVID pandemic.

As was true in the 2019 report, over 90% of IFAC member jurisdictions continue to use international standards on accounting, audit, education, and ethics, as well as inspection and enforcement benchmarks.

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