IFAC Global Knowledge Gateway

Global Knowledge Gateway

Your Portal to Global Accountancy Knowledge, Resources, and News


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.  From world leaders to policymakers and citizens, people must gain a better understanding of the importance of financial reporting in the public sector. If we want to build a society that is sustainable and stable in the long term, we must be prepared to take responsibility for the changes that will be required to more effectively manage public sector resources.

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Recent Viewpoints

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.

The Role of Professional Accountants in the Proper Functioning of Taxation Systems
by Russell Guthrie, IFAC Executive Director, Professional Relations and CFO | September 30, 2014

There has been much recent debate in many sectors of the economy and among politicians about the role of taxation in society, the extent to which tax planning is appropriate, and taxpayer behavior.

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