IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
The International Accounting Education Standards Board™ (IAESB™) is an independent standard-setting body that serves the public interest by establishing standards in the area of professional accounting education that prescribe technical competence and professional skills, values, ethics, and attitudes. Through its activities, the IAESB enhances education by developing and implementing International Education Standards™ (IES™), which increase the competence of the global accountancy profession—contributing to strengthened public trust.
IAESB Chair Insights on New IAESB Exposure Draft
New video details the proposed changes to IESs on initial and continuing professional development to address information and communications technologies and professional skepticism skills.
Along with issuing the International Education Standards, the IAESB also develops implementation support materials, including videos, webcasts and presentations, and guidance documents. These resources support accounting education and provide assistance to academics, training providers, professional accounting organizations and employers.
Supporting IES Adoption and Implementation
The IAESB has developed supporting adoption and implementation guidance materials for the newly revised IES, including Guidance on Implementing a Learning Outcomes Approach, Guidance on Implementing IES 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements, and the Ethics Education Toolkit videos and accompanying study guides, which help professionals at all levels improve ethical decision making.