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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 Hon. David M. Walker, Former US Comptroller General, Senior Strategic Advisor, PwC | January 17, 2017 |
All government entities should move beyond cash-based accounting to accrual-based accounting in order to facilitate greater transparency, consistency, and thoroughness in financial reporting.
Extra-Financial Reporting & Data Analytics
by Marjella Alma, CEO & Co-Founder, eRevalue | January 3, 2017 |
Data driven analytics allow organizations to acquire a more accurate, case-driven picture of performance and other factors impacting viability and long-term sustainability. Read More
Integrated reporting, and specifically the multiple capital model that drives the quantitative core of the reporting framework, opens entirely new avenues for accountants to deliver value to internal and external users. Read More
New Public Sector Accounting Standards and Rights of Citizenship
by Idésio S. Coelho, Senior Partner,EY & President, IBRACON | October 31, 2016 |
Brazil’s transition to using International Public Sector Accounting Standards, which began in 2015, will strengthen the country’s public sector financial management, improve its accountability and transparency, and build trust with citizens for its ability to manage public sector assets. Read More
IPSAS AND Accrual Accounting: Critically Important for Investment and Voting Decisions
by Ian Ball, Chairman, CIPFA Internationa | October 14, 2016 |
Governments need both International Public Sector Accounting Standards and accrual accounting for sound public financial management—and citizens need it for well-informed ballot box decisions. Read More
- 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