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 142 articles
The Use and Usefulness of Integrated ReportingAn ACCA report explores how providers of financial capital perceive integrated reporting and its potential for providing decision-useful information, through interviews with senor capital market participants.
by Yen-pei Chen, Corporate Reporting and Tax Manager. Professional Insights, ACCA | August 22, 2016
Cooperation between the IASB and the IAASBThe International Accounting Standards Board and the International Auditing and Assurance Standards Board are increasing cooperation to improve the quality of both sets of standards.
by Mary Tokar, Partner, Financial Reporting Group, KPMG | August 15, 2016
Brexit: What’s Next for UK and EU Financial Reporting?Talk of Brexit and its implications are everywhere—but what is likely to change for financial reporting in the UK, and when can changes be expected?
by Dr. Nigel Sleigh-Johnson FCA, Head of Financial Reporting Faculty, ICAEW | August 12, 2016
A Global Call for International Public Sector Accounting StandardsThe global economy does not need any more sovereign debt surprises, especially as countries need to know more about each other’s financial positions and performance than ever before. To overcome this problem, Frans van Schaik, the
by Frans van Schaik, Global Leader Public Sector Accounting and Auditing, Deloitte | August 9, 2016
Public Sector Financial Problems Coincide with Societal OnesCorruption, a lack of trust, and other societal problems often go hand-in-hand with problems in public sector financial management.
by Nicolas Véron, Economist and Senior Fellow, Bruegel | August 8, 2016
News and Resources
There are 2017 news/resources
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
IFRS Foundation Publishes 2016 Annual Report
IFRS Foundation - April 25, 2017
Insights into Integrated Reporting: Challenges and Best Practice Responses
ACCA - April 18, 2017
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