IFAC issues a number of publications
23 Jan 2004
In the past few days, the International Federation of Accountants (IFAC) has issued the following publications, including exposure drafts of revised International Standards on Auditing (comments due 31 March 2004): January 2004 Edition of IFAC Quarterly Newsletter (PDF 90k) Exposure Draft of ISA 600 (Revised), The Work of Related Auditors and Other Auditors in the Audit of Group Financial Statements, and an ED of an IAPS on The Audit of Group Financial Statements (PDF 336k).
Issued by the IAASB. Comments are due 31 March 2004.
Exposure Draft of ISA 700 (Revised) ISA 600 (Revised), The Independent Auditor's Report on a Complete Set of General Purpose Financial Statements, and EDs of ISA 200, Objective and General Principles Governing an Audit of Financial Statements, Amendment to ISA 210, Terms of Audit Engagements, and Conforming Amendments (PDF 371k). Also issued by the IAASB. Comments are due 31 March 2004.
Study 14, Transition to the Accrual Basis of Accounting: Guidance for Governments and Government Entities (Second Edition). This Study is intended to assist governments and government entities wishing to migrate to the accrual basis of accounting in accordance with International Public Sector Accounting Standards (IPSASs). It may also assist governments and government entities complying with the financial reporting requirements of the Cash Basis IPSAS Financial Reporting Under The Cash Basis of Accounting in making the additional encouraged disclosures. Also issued by the PSC.