IFIAR Publications

IFIAR develops strategic and operational plans, along with thought leadership papers on key audit quality oversight matters, throughout the year. These publications can be accessed below.

In 2012, IFIAR began publishing annual reports. Prior to 2012, IFIAR published Activity Reports which can be downloaded on the bottom of this webpage.

2018 IFIAR Annual Report
16 May 2019

2017 IFIAR Annual Report
1 May 2018

2016 IFIAR Annual Report
21 April 2017

2015 IFIAR Annual Report
30 May 2016

2014 IFIAR Annual Report
30 April 2015

2013 IFIAR Annual Report
17 April 2014

2012 IFIAR Annual Report
25 April 2013

Please click here for the IFIAR paper on Audit Committees and Audit Quality: Trends and Possible Areas for Further Consideration.

The IFIAR Outreach Reference Guide has been created to share key principles identified by IFIAR to ensure adequate safeguards and regulatory independence in the establishment of public oversight systems of non-IFIAR member jurisdictions. Given the global nature of business and trade, IFIAR Members and non-members all benefit from consistent and strong audit oversight. The Reference Guide can be downloaded here.

On Tuesday June 30, 2015 the MMOU was approved by the IFIAR Membership. The MMOU enables and strengthens the cooperation amongst IFIAR Members. Members can apply for signing the MMOU, and will be subject to an assessment prior to being able to join the MMOU. The MMOU can be downloaded here.

MMOU List of Signatories – Annex A – current signatories 22

Member Jurisdiction Date of Formal Signing
Australia Securities and Investments Commission (ASIC) Australia April 4, 2017
Comissão de Valores Mobiliários (CVM) Brazil April 4, 2017
Canadian Public Accountability Board (CPAB) Canada April 4, 2017
Auditors Oversight Authority (AOA) Cayman Islands April 4, 2017
Financial Supervisory Commission (FSC) Chinese Taipei April 4, 2017
Public Audit Oversight Board (RVDA) Czech Republic* April 4, 2017
Dubai Financial Services Authority (DFSA) Dubai International Financial Centre April 4, 2017
Haut Conseil du Commissariat aux Comptes (H3C) France* April 4, 2017
Gibraltar Financial Services Commission (GFSC) Gibraltar* April 4, 2017
Financial Services Agency / Certified Public Accountants & Auditing Oversight Board (FSA/CPAAOB) Japan April 4, 2017
Financial Services Commission/ Financial Supervisory Service (FSC/FSS) Korea April 4, 2017
Financial Market Authority Liechtenstein (FMA) Liechtenstein* March 1, 2017
The Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania (AAAPVIM) Lithuania* April 4, 2017
Commission de Surveillance du Secteur Financier (CSSF) Luxembourg* April 4, 2017
Audit Oversight Board Malaysia Malaysia April 4, 2017
Dutch Authority for the Financial Markets (AFM) The Netherlands* April 4, 2017
Financial Markets Authority (FMA) New Zealand April 4, 2017
Úrad pre dohľad nad výkonom auditu (UDVA) Slovakia* April 4, 2017
Federal Audit Oversight Authority (FAOA) Switzerland April 4, 2017
Public Oversight, Accounting and Auditing Standards Authority (POA) Turkey April 4, 2017
Financial Reporting Council (FRC) United Kingdom* April 4, 2017
Public Company Accounting Oversight Board (PCAOB) United States April 4, 2017


The Members marked with an * are EU/EEA Parties. They have informed the other Parties that an EU/EEA Party only enters into a working arrangement for information exchange and shares certain information with non-EU/EEA regulators after – and as long as – the European Commission (EC) declares that regulator adequate for the purposes of Article 47 of Directive 2006/43/EC (see website EC). Since that adequacy assessment is done by the EC before the MMOU is effective between an EU/EEA Party and a non-EU/EEA Party, the requirement is covered by the EU/EEA Parties signing with a non-application clause whereby the MMOU as a whole would not be effective as between an EU/EEA Party and any non-EU/EEA Party that had not been declared adequate by the EC. This means that the MMOU does not apply in relation to ‘non-adequate third country’ Parties regarding information under the scope of Article 47 of the Directive 2006/43/EC. See for more information Annex B – Explanatory Note of the MMOU.

The core principles seek to promote effective independent audit oversight globally, thereby contributing to Members overriding objective of serving the public interest and enhancing investor protection by improving audit quality. IFIAR membership is not dependent on its status in implementing the principles; however members are encouraged to work towards implementing them where appropriate in their own jurisdictions. The main precondition for an effective system of audit oversight and audit regulation is the existence of a well-developed legal and corporate governance framework as to provide necessary support for high quality auditing. The IFIAR Core Principles for Independent Audit Regulators can be downloaded here.

The following are key elements from the IFIAR Charter, for a further look into the IFIAR Charter please download the Charter here (effective as of April 30, 2019).

Activities of IFIAR
Sharing knowledge of the audit market environment and practical experience of independent audit regulatory activities with a focus on inspections of auditors and audit firms. Promoting collaboration and consistency in regulatory activity.

Membership of IFIAR
Members must be independent of the profession and engaged in audit regulatory functions in the public interest.

Officers and Board of IFIAR
IFIAR shall have two Officers, a Chair and a Vice Chair. They shall serve two year terms and though not a requirement, Members should give consideration to geographic balance in the election of Officers. The Officers are responsible for, though not limited to, organising and conducting Plenary Meetings, Chairing the meeting, managing communications and relationships with IFIAR Members and outside organisations, developing a Work Plan for the Officers Term and providing leadership on issues relevant to IFIAR.

Transparency and accountability
IFIAR should operate with a high degree of transparency and should engage issue periodic public reports, issue press releases and maintain a website.

Resources and Funding
IFIAR’s activities will be undertaken on a collaborative basis, with Members and Office bearers meeting their own expenses. However, Members will contribute to the funding of the organisational and administrative resources necessary for IFIAR’s ongoing operations.


IFIAR Activity Report 2011
28 June 2012
IFIAR Activity Report 2011
IFIAR Verein Financial Statements

IFIAR Activity Report 2010
20 June 2011
IFIAR Activity Report 2010
IFIAR Verein Financial Statements

IFIAR Activity Report 2009
24 August 2010
IFIAR Activity Report 2009


IFIAR’s 2018-21 Strategic Plan was adopted by IFIAR Members at the 2018 Plenary Meeting and can be found here

Public Comments

IFIAR Letter - Comments on the IAASB Proposed Strategy for 2020-2023 and Work Plan for 2020-2021 - June 4, 2019

IFIAR Letter - Comments on the Exposure Draft on the Proposed International Standard on Auditing 315 (Revised) - October 30, 2018

IFIAR Board Letter - Response to IOSCO Consultation Report on Audit Committees - July 24, 2018

IFIAR Letter - Comments on the IESBA Proposed Strategy and Work Plan - July 24, 2018

IFIAR Letter - Comments on the IAASB Request for Input on ISA 540 (Revised) - July 31, 2017

IFIAR Letter - Comments on the IESBA Proposed Revisions Pertaining to Safeguards in the Code - Phase 2 - May 29, 2017

IFIAR Letter - Comments on the IAASB Request for Input: Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics - February 5, 2017

IFIAR letter - IAASB's Future Priorities including the Work Plan for 2017 - October 11, 2016

IFIAR Letter - IAASB's Invitation to Comment on Enhancing Audit Quality in the Public Interest - June 24, 2016

IFIAR Letter - IESBA's Exposure draft on Proposed Revisions Pertaining to Safeguards in the Code - Phase I - May 10, 2016

IFIAR Letter - IAASB's Exposure Draft on Reponding to Non-Compliance with Laws and Regulations - 18 November 2015

IFIAR Letter - IESBA's Exposure Draft on Responding to Non-Compliance with Laws and Regulations - 28 September 2015

IFIAR Letter - IESBA's Structure of the Code of Ethics - 5 March 2015

IFIAR Letter - OECD's Principles of Corporate Governance - 11 February 2015

IFIAR Letter - IAASB's Disclosures Exposure Draft - 10 October 2014

IFIAR Letter - The Auditor's Responsibilities Relating to Other Information - 21 August 2014

IFIAR Letter - IAASB Strategy - 20 May 2014

IFIAR Letter - Audit reporting - 12 December 2013

Members’ Inspection and Annual Reports

Please follow the links below to Members most recent Inspection Reports: