Tag Archives: IFAC

SHARE: It has taken them five years, but the Monitoring Group has issued their final recommendations to advance the public interest in international audit-related standard-setting and improve audit quality. Their 27-page report “Strengthening the International Audit and Ethics Standard-Setting System” was released in July. The members of the Monitoring Group (MG) are the: Basel Committee…

SHARE: Whistleblower protection is essential to empower people who uncover corruption, according to International Federation of Accountants Executive Director Kevin Dancey: “IFAC supports the adoption of whistleblower protection legislation in all jurisdictions in line with principles advanced by the G20, the OECD, and the International Bar Association.” Looking at the G20 Anti-Corruption Plan, he identified…

SHARE: A paper in support of multidisciplinary firms, those accounting firms that offer both audit and non-audit services, has been jointly released by the International Federation of Accountants (IFAC), Chartered Accountants of Australia and New Zealand (CAANZ), and the Association of Chartered Certified Accountants (ACCA). According to the results of a CAANZ and ACCA survey…

SHARE: The inaugural meeting of the International Panel of Accountancy Education (IPAE) is being held in New York City September 12-13, at which time it will pick up on the International Education Standards developed by its predecessor body, the International Accounting Education Standards Board (IAESB), and work to get them broadly implemented. The new Panel…

SHARE: The International Federation of Accountants (IFAC) released a white paper “Perspectives on the Way Forward for Strengthening the Oversight and Operations of the International Audit & Assurance and Ethics Standards Boards” on August 28, which responds to suggestions made by the Monitoring Group in its November 2017 consultation paper on “Strengthening the Governance and…

SHARE: The International Federation of Accountants (IFAC) has selected Kevin J. Dancey, FCPA, FCA, to become their next chief executive officer, succeeding Fayez Choudhury at the end of the year. Mr. Dancey, who previously served as president and chief executive officer of CPA Canada and the Canadian Institute of Chartered Accountants, has long been a…

SHARE: Questions have been raised about the independence of the International Federation of Accountants (IFAC) standard-setting process and its responsiveness to the public interest, observes the Monitoring Group in a consultation paper released late last year entitled “Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest.” The Monitoring Group,…