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. See the full overview.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 6, 2017
IFAC recently issued a policy position on integrated reporting highlighting the need for a single report providing a fuller picture of an organization’s ability to create value over time, and greater interconnectedness between different reports.
There are 115 articles
Well-Managed Government Is Critical to Functioning SocietiesPoor public sector financial management create fundamental problems in society.
by Ian Ball, Chairman, CIPFA International | March 27, 2017
Navigating Principles-based Standards in Financial ReportingOrganizations are increasingly applying principles-based standards in financial reporting, and a new practical guide from ICAS can help those involved in financial reporting make professional judgments.
by Alice Telfer, Head of Business and Public Sector, ICAS and Michelle Cricket, Director of Research, ICAS | March 27, 2017
Strong PFM Requires End-to-end Financial LiteracyPolitical and constitutional systems vary markedly across the EU; so too do public financial management (PFM) structures. The common thread is the need to ensure effective democratic accountability and encourage greater public transparency.
by Dr Susanna Di Feliciantonio, Head of EU Public Affairs, ICAEW | March 16, 2017
Auditing in the Era of Integrated ThinkingAs the business landscape continues to change and evolve at an increasingly rapid rate, integrated reporting is quietly but surely picking up steam, and auditors need to be ready to embrace this new framework.
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor of Professional Practice, Rutgers University | February 23, 2017
News and Resources
There are 1971 news/resources
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
Bridging the Gap on ESG Reporting through Dialogue
CPA Canada - May 12, 2017
Progress Towards Global Accounting Standards: 2017 Pocket Guide Published
IFRS Foundation - May 9, 2017
Good Practice from the Excellence in Reporting in the Public Sector Award–Building Public Trust in Corporate Reporting Awards
National Audit Office - April 28, 2017
New Video: Loan Loss Accounting and Financial Stability
IFRS Foundation - April 27, 2017
ACCA and IMA Host Accounting Leaders at Integrated Reporting Event
Accounting Today - April 26, 2017
Brexit: We Need Solutions for the Profession
ICAS - April 25, 2017
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