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IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
by Alfred Wagenhofer, Professor and Director, Center for Accounting Research, University of Graz, Austria | October 13, 2015 |
The recently issued Exposure Draft, Conceptual Framework for Financial Reporting, from the IASB includes reintroducing prudence as cautious prudence, but it can be argued that asymmetric prudence is also a necessary characteristic of useful financial information. Read More
A Need for Better Cost Information in the Public Sector
by Gary Cokins, CPIM, Analytics-Based Performance Management LLC | October 5, 2015 |
Activity-based costing (ABC) systems can be helpful for organizations (both public and private) seeking to understand their costs and the behavior of factors that drive their costs. Read More
Improving Public Sector Financial Management: The Eight Key Elements of PFM Success
by Brian Blood, Chief Executive, Confederation of Asian and Pacific Accountants | October 5, 2015 |
In a video, the Confederation of Asian and Pacific Accountants’ Chief Executive discusses the organization’s new guide to help professional accounting organizations engage with their governments to assess and improve successful public sector financial management. Read More
Although IFRS is gaining ground in jurisdictions around the world, several important factors seem to be preventing it from becoming a financial reporting framework for US domestic issuers. Read More
¿Por qué le está costando tanto recuperarse a Grecia? Hay muchos factores que podrían explicar esta falla, pero creo que una de las principales razones es la falta de información financiera de alta calidad del gobierno. Eso reduce la responsabilidad ante la toma de decisiones, distorsiona los incentivos y conduce a la toma de medidas erróneas y a la destrucción sistemática del valor.
- IFRS Foundation Reduces Size of IASB
December 1, 2016 - Accounting Today
- Financial Management Progress ‘Frustrated by Multiple Systems and Lack of Capacity’
November 28, 2016 - Public Finance International
- IRS Seeks Information on Bitcoin Users from Coinbase
November 22, 2016 - Accounting Today
- The Clock Is Ticking on IFRS Changes
November 21, 2016 - In the Black
- Integrated Reporting PAO Network
June 16, 2016 - IFAC, IIRC
- Developing and Reporting Supplementary Financial Measures—Definition, Principles, and Disclosure
September 22, 2014 - IFAC
- IIRC Framework: International <IR> Framework
September 18, 2014 - IIRC
- 2014 Handbook of International Public Sector Accounting Pronouncements
June 23, 2014 - International Public Sector Accounting Standards Board
- Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
- International Financial Reporting Standards
January 2, 2013 - IFRS Foundation