IFAC Global Knowledge Gateway

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Your Portal to Global Accountancy Knowledge, Resources, and News


Professional Accountancy Organizations: Serving SMEs Is Critical in Times of Economic Crisis
by Eamonn Siggins, Chief Executive Officer, CPA Ireland | October 28, 2014

As professional accountancy organizations (PAOs), IFAC member bodies serve the public interest in a variety of ways. They contribute to standard setting, regulation, quality assurance, education, examinations, corporate social responsibility, and much more. But as Chief Executive Officer of CPA Ireland, I cannot stress enough the importance of providing direct support to small- and medium-sized entity (SME) owners, which I believe is in the public interest. This is especially true in times of economic crisis, when much of the focus is on big business and regulatory changes. PAOs can and should provide SMEs with critical research: practical guidance for decision-makers, surveys to reflect rapid changes in the marketplace, and best practices to indicate how the survivors are prospering and why. 

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Recent Viewpoints

Accountability. Now. We Must Enhance Government Accountability and Transparency
by Andreas Bergmann, Chair, International Public Sector Accounting Standards Board | October 21, 2014

In the public sector, the lack of transparency and accountability presents a major risk to the efficiency of capital markets, global financial stability, and long-term sustainability. We need to create greater public awareness among all levels of society.

Integrated Reporting—Seizing the Opportunity to Lead
by Helen Brand, Chief Executive, Association of Chartered Certified Accountants | October 14, 2014

As a result of the International Integrated Reporting Council (IIRC)’s Framework being issued in December 2013, integrated reporting has truly begun to take off around the world.

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