The International Federation of Accountants has published 2012 editions of three handbooks from the International Auditing and Assurance Standards Board, the International Ethics Standards Board for Accountants and the International Public Sector Accounting Standards Board.
The 2012 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements includes two new standards: ISAE 3410—Assurance Engagements on Greenhouse Gas Statements and ISAE 3420—Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus. It also includes IAPN 1000—Special Considerations in Auditing Financial Instruments, and revised versions of the Preface, ISA 315—Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment, ISA 610—Using the Work of Internal Auditors and conforming amendments to other ISAs as a result of this revision, and ISRS 4410 (Revised)—Compilation Engagements. The 2012 edition will be available in July and can be pre-ordered here.
The 2012 Handbook of the Code of Ethics for Professional Accountants includes a new introduction and editorial amendments. The 2012 edition will be available in July and can be pre-ordered here.
The 2012 Handbook of International Public Sector Accounting Pronouncements includes a new standard: IPSAS 32, Service Concession Arrangements: Grantor. IPSAS 32 is effective for annual financial statements covering periods beginning on or after Jan. 1, 2014. The 2012 handbook also incorporates the amendments made as a result of the IPSASB’s 2011 Improvements Project, as well as a revised Terms of Reference and Preface to International Public Sector Accounting Standards. The IPSASB handbook is currently available and can be ordered here.
The material contained in the handbooks was developed by the IAASB, the IESBA and the IPSASB, respectively. The structures and processes that support the operations of these independent standard-setting boards, including publishing the handbooks, are facilitated by IFAC.
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