The Transnational Auditors Committee released on February 22, 2007 a new good practices document entitled “Perspectives on the Global Application of IFRS”. The document was developed based on interviews with ten Forum members to illustrate the progress made with IFRSs and to set out examples of good practices that the network firms are implementing.
The Transnational Auditors Committee (TAC) is an executive committee of IFAC dedicated to representing and meeting the needs of the members of the Forum of Firms (FOF). It plays a major role in encouraging member firms to meet high standards in the international practice of auditing.
For more information please visit the following website: www.ifac.org