IFAC

The accounting profession is undergoing a reexamination of its efforts to address the lack of diversity, not only in the U.S. but in other parts of the world.

Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants.

Three organizations released a new report on the problems with diversity, equity and inclusion in the accounting profession and ways to address them.

The federation launched new resources for ISA 540 implementation; QVinci puts out new product features; and other news from the world of accounting technology.

The International Auditing and Assurance Standards Board released a revised standard Thursday to focus on the special considerations that apply to audits of group financial statements.

Professional accountants have an important role in driving better tax education.

The board is proposing a set of revisions to the independence standards for engagement teams working on audits of group financial statements.

The International Federation of Accountants teamed up with the Institute of Chartered Accountants on the latest installment of an educational series.

The board proposed a set of revisions to address the impact of technology innovation on the profession.

The International Public Sector Accounting Standards Board has issued its own leasing standard for the public sector.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

The institute joins two other groups in withdrawing because of the involvement of officials from Myanmar.

CPA Australia and CA ANZ have withdrawn from an upcoming conference in Singapore due to the involvement of officials from Myanmar.

The International Federation of Accountants debuted eIS, a new way to access global auditing, assurance, ethics and public sector accounting standards online.

The accounting profession is increasing its involvement with sustainability issues as the United Nations hosts world leaders at its COP26 climate change conference in Glasgow, Scotland.

The groups are marking Climate Week in New York City by urging accountants to get more involved in climate information reporting.

A recent statement on corporate reporting says the global profession needs to start with the 2021 reporting cycle.

IFAC signed an agreement with two global health groups to improve accounting practices in the public health sector.

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization.

Companies can streamline their environmental, social and governance reporting using technology, according to a recent report.