New IFAC Handbook Helps Accountants Hone Ethics, Auditing Expertise
The 2006 handbook, which is listed on the IFAC web site as being published in March 2006, includes final International Standards on Auditing, International Auditing Practice Statements, International Standards on Review Engagements, and International Standards on Related Services issued as of December 31, 2005, as well as the IFAC Code of Ethics for Professional Accountants. The online price for the electronic version is $50.00.
“EIS helped to enhance the Handbook and expanded the options available to professional accountants worldwide who rely on our standards,” Stephen Walker, director of operations for IFAC, said in a prepared statement.
EIS, an Australian Technology company with U.S. offices in Austin, Texas, produced the electronic handbook using its eComPress technology. Developed by EIS, this proprietary, award-winning technology is used by the World Health Organizations (WHO), International Monetary Fund (IMF), John Wiley, Macmillan, Random House and the Australian government, among others, to compress, encode and index large and complex reference publications, medical journals, service manuals and other documents. The resulting electronic publications are extremely powerful, quick to download and easy to use.
The IFAC is the worldwide organization for the accounting profession, based in New York, dedicated to serving the public interest by strengthening the professional and contributing to the development of strong international economies. IFAC’s current membership consists of over 160 professional accountancy bodies in 120 countries, representing more then 2.5 million accountants in public practice, education, government service, industry and commerce. Through its independent standard-setting boards, IFAC sets international standards on ethics; auditing and assurance; education; and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in business.