International Auditing and Assurance Standards Board
Encyclopedia
The International Auditing and Assurance Standards Board (IAASB) is the independent standard setting body which issue auditing, review, other assurance related services and quality control
standards to be applied by the global auditing profession. It is a body initiated by the International Federation of Accountants
(IFAC).
The Public Interest Oversight Board
provides oversight of the IAASB, ensuring that the standards are in the public interest.
The IAASB issues the International Standards on Auditing
, professional standards for the performance of audit
s of financial information.
Quality control
Quality control, or QC for short, is a process by which entities review the quality of all factors involved in production. This approach places an emphasis on three aspects:...
standards to be applied by the global auditing profession. It is a body initiated by the International Federation of Accountants
International Federation of Accountants
International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...
(IFAC).
The Public Interest Oversight Board
Public Interest Oversight Board
The Public Interest Oversight Board is an international body that oversees the International Federation of Accountants and seeks to improve the quality and public interest focus of the IFAC standards in the areas of audit, education, and ethics....
provides oversight of the IAASB, ensuring that the standards are in the public interest.
The IAASB issues the International Standards on Auditing
International Standards on Auditing
International Standards on Auditing are professional standards for the performance of financial audit of financial information. These standards are issued by International Federation of Accountants through the International Auditing and Assurance Standards Board .-Respective responsibilities:*ISA...
, professional standards for the performance of audit
Audit
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.- Accounting...
s of financial information.
External links
- http://www.ifac.org/IFACIFACIFAC may refer to:* International Fine Arts College* International Federation of Accountants* International Federation of Automatic Control* Irvine Fine Arts Center* Irish Farm Accounts Cooperative...
Represents 2 500 000 accountants in 120 countries] - List of the Standards (ISAs) List of the Standards (ISAs) @ifac.org
- www.INTOSAI.org Institution for public sectorPublic sectorThe public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
audit standards