IFAC Global Knowledge Gateway

Global Knowledge Gateway

Your Portal to Global Accountancy Knowledge, Resources, and News


Interconnected Global Risks: No Man, or Business, Is an Island
by Mervyn King, Chairman, International Integrated Reporting Council | April 16, 2014

The challenge of designing an economic model capable of identifying, and then responding to, systemic and interconnected risks is something the G-20 has been grappling with since the onset of the global financial crisis in 2008. It is also an urgent matter for businesses, which make up around half of the world’s largest economic entities. The concept of “connectivity” of information in a business context acts to bring together the different parts of a business in recognition of the interconnections between them. It forces a new kind of behavior—what we call “integrated thinking”—and is a central principle of integrated reporting, a new corporate reporting model being trialed in approximately 25 countries and embraced by companies as diverse as Hyundai, PepsiCo, National Australia Bank, and Unilever.

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Recent Viewpoints

CIMA’s Global Management Accounting Principles: Seeking Your Input
by Charles Tilley, Chief Executive, CIMA | March 27, 2014

The Chartered Institute of Management Accountants (CIMA) has launched a consultation on a set of Global Management Accounting Principles© and we would very much like your help. Unlike financial reporting, which has standards to guide its practice, there has been little authoritative guidance to help CFOs assess and improve the quality of the management accounting practices and processes used in their organizations.

Déjà Vu All Over Again
by James S. Turley, former Global Chairman and CEO, EY | March 10, 2014

After the global financial crisis, the leaders of the G-20 countries called for global regulatory cooperation and collaboration, including the adoption of global accounting standards. 

Introducing the IFAC Global Knowledge Gateway
by Fayez Choudhury, IFAC CEO | February 12, 2014

Welcome to the Global Knowledge Gateway, IFAC’s newly minted global hub for accountancy news, views, resources, and thought leadership from IFAC, our member organizations, and other notable groups and individuals. 

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Upcoming Events

Global Compliance Symposium | Dow Jones/Wall Street Journal
April 22 - 23, 2014 - Washington DC, US

The RIMS Annual Conference & Exhibition 2014
April 27 - March 30, 2014 - Denver, CO

4th Annual International Conference on Accounting and Finance | Global Science and Technology Forum
April 28 - 29, 2014 - Phuket, Thailand


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The Global Knowledge Gateway contains links to third-party websites ("Linked Sites") that are not under the control of IFAC. IFAC assumes no responsibility or liability for any material that may be accessed on third-party websites reached through the IFAC site, nor does IFAC make any representation or warranties regarding the quality, accuracy, completeness, or timeliness of any information or service contained at any such site. IFAC provides links as a convenience, not to imply endorsement or to advocate the purchase of any product or service contained at any such site. Users are responsible for viewing and abiding by the privacy statements and terms of use posted at the Linked Sites. Email gateway@ifac.org to report broken links.