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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
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This guidance provides recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organizations.
International Integrated Reporting guide assists audit committee and boards in their review of the Integrated Report.
The IOSCO guidance is intended to assist issuers in providing clear and useful disclosure for investors and other users of non-GAAP financial measures, and to help reduce the risk that such measures are presented in a way that could be misleading.
IFAC’s Accountability. Now Partner Global Initiative for Fiscal Transparency (GIFT) published a set of principles on how to encourage public participation in fiscal policy.
This paper explores the arguments for taking a more integrated approach to reporting in the UK.
This International Financial Reporting Standards (IFRS) guide examines and explains the application of IAS 2 Inventories from a Canadian perspective.
The updated guide is designed to provide a briefing of the IFRS for SMEs for lenders, creditors, and other interested parties.
- US SEC Accountant Urges Vigorous Pursuit of Revenue Questions
June 17, 2016 - BloombergBNA
- US FASB Issues New Guidance on Accounting for Credit Losses
June 17, 2016 - FASB
- Sovereign Debt Rule Changes Threaten EU Bank Finances
June 8, 2016 - Financial Times
- Less Than 10% of Companies Ready for New Lease Accounting Standards
June 7, 2016 - Accounting Today
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