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 141 articles
Natural Capital Protocol Launched in Chartered Accountants Hall to Great FanfareThe launch of the Natural Capital Protocol should spark professional accountants to help businesses respond to natural capital impacts and dependencies—the sustainability of organizations, economies, and societies depends on it.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | July 18, 2016
Big Government, Small Government—Both Need to Get the Accounting & Transparency RightFormer UK Shadow Chancellor of the Exchequer Ed Balls on the important role accounting plays in earning and keeping the public’s trust in the public sector.
by Ed Balls, Former UK Shadow Chancellor of the Exchequer & Senior Fellow, Harvard Kennedy School | July 7, 2016
Not Enough People Read Their Governments’ Consolidated Financial ReportIt is crucial that we continue to modernize how governments report financial information, according to Hon. David M. Walker, Former US Comptroller General and Senior Strategic Advisor at PwC. We must find ways to communicate this
by Hon. David M. Walker, Former US Comptroller General, Senior Strategic Advisor, PwC | June 28, 2016
11 Reasons to Be Transparent on TaxThis 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.
by Eelco van der Enden, Partner, PwC Netherlands | June 16, 2016
Bridging the Divide—Accountants and PoliticiansWhile the accountancy profession regularly calls upon governments around the world to adopt accrual accounting and stronger public financial management, we must remember that accountants are on the same page as politicians in terms of
by Rob Whiteman, Chief Executive, Chartered Institute of Public Finance and Accountancy | May 31, 2016
News and Resources
There are 2010 news/resources
Pursuing the Conversation on the Future of Corporate Reporting
Accountancy Europe - March 27, 2017
Public Finances in Practice–Insights from Senior European Public Finance Professionals
Institute of Chartered Accountants in England and Wales - March 27, 2017
IFRS 16 Leases: Implementation
IFRS Foundation - March 27, 2017
G20 Public Trust in Tax
IFAC, ACCA, CA ANZ - March 27, 2017
US, International Accounting Rules Face Divergence Pressure
Bloomberg BNA - March 15, 2017
Accrual Practices and Reform Experiences in OECD Countries
Organisation for Economic Co-operation and Development, IFAC - March 6, 2017
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