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IFAC FOCUS AREAS
- Accountability. Now.
- 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 Eelco van der Enden, Partner, PwC Netherlands | June 16, 2016 |
This article provides a series of arguments to counter the logic behind recent initiatives in the EU toward greater transparency in country-by-country reporting of tax for large multinationals. Read More
Integrated Reporting and Climate Change: A Perfect Marriage
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | May 27, 2016 |
Part of the climate risk problem is rooted in the age-old problem of transparency—but this is a problem integrated reporting, combined with integrated thinking, is designed to fix. Read More
New Bottle, Old Wine? Six Capitals Framework Will Require Trade-offs
by Nick A. Shepherd, President, EduVision | April 8, 2016 | 1
The International Integrated Reporting Committee’s new reporting framework challenges organizations to move beyond financially-focused corporate reporting to a broader model based on six capitals—will it bring changes to management and investor decision making for resource allocation? Read More
El arrendamiento es un método común de financiación para muchas empresas, sobre todo en sectores como la industria aeronáutica, la venta al por menor y el transporte. Actualmente, las compañías que cotizan en bolsa en todo el mundo poseen arrendamientos por un valor de aproximado de US$ 3,3 billones. Dentro de los requerimientos actuales de contabilidad, más del 85% de estos arrendamientos se catalogan como "arrendamientos operativos”, y no se registran en el balance. Read More
SME Accounting Requirements: Where’s the Evidence?
by Brian Singleton-Green, Manager, Corporate Reporting, Financial Reporting Faculty, ICAEW | March 1, 2016 |
A new report from ICAEW, SME Accounting Requirements: Basing Policy on Evidence, looks at the arguments for and against having differential accounting requirements for SMEs and calls for a substantial program of research into the costs and benefits of regulating and deregulating SME accounting. Read More
- Accounting Choices Blur Profit Picture
June 28, 2016 - Wall Street Journal
- FASB Proposes Amending Consolidation Guidance
June 27, 2016 - Journal of Accountancy
- The Drive for Disclosure: What Matters and What Doesn’t
June 24, 2016 - Environmental Leader
- US FASB Issues New Guidance on Accounting for Credit Losses
June 17, 2016 - FASB
- 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