Good governance ensures that public sector entities define and achieve their intended outcomes while acting in the public interest at all times. It enables them to serve with integrity, transparency, and accountability, building trust in public institutions and reducing the risk of fraud and corruption. Grounded in clear values, proportionate controls, and respect for the rule of law, good governance supports inclusive engagement, informed decisions, and the efficient and effective use of public resources.

This Approach Statement for maintaining the ISA for LCE operationalizes a process that is both effective and efficient, while ensuring transparency and consistency. The Approach sets out the context, purpose, process, responsibilities, output and timing for maintaining the ISA for LCE.

Opening Doors: Six Principles of Best Practice to Increase Access to Accountancy Qualifications provides a practical framework for IFAC’s members and other professional accountancy organizations (PAOs) to welcome talent from diverse backgrounds, remove unnecessary barriers, and adapt qualification pathways—while maintaining the high standards that underpin public trust.

This guide provides an overview of the ISA for LCE's concepts, structure, and format. It offers step-by-step insights into each Part of the standard with examples and comparisons to ISAs, equipping practitioners with the tools to effectively implement the ISA for LCE.

For additional resources for the ISA for LCE, visit: www.iaasb.org/ISAforLCE

The revisions to IES 6, Formal Assessment of Professional Competence, reflect global changes, modernizing and clarifying the standard to ensure its relevance and longevity. This fact sheet provides an overview of these changes.

As demand for sustainability-related disclosures increases globally, the accountancy profession must ensure that all professional accountants are able to meet these evolving expectations. IFAC has revised the International Education Standards to embed sustainability—spanning analysis, reporting, and assurance—across aspiring professional accountants’ training. This fact sheet provides an overview of the revisions to IES 2, 3, and 4 addressing initial professional development.