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IAASB | IFAC | ISAE 3402

IFAC stands for the International Federation of Accountants, while IAASB stands for the International Audit and Assurance Standards Board. IFAC is a global organization for the accountancy profession which works with various members and associates throughout the world in promoting accountancy standards.

The IAASB is one of the standard-setting boards within IFAC that was responsible for drafting and pronouncing the actual ISAE 3402 standard on assurance reporting for service organizations.

 
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