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 135 articles
The Future of Corporate Reporting—Creating the Dynamics for ChangeRapid changes in the broader business environment have increased concerns over whether corporate reporting continues to fulfill its objectives.
by Petr Kriz, President, FEE and Hilde Blomme, Deputy CEO, FEE | February 23, 2016
A Capital Approach for Performance ReportingFinancial performance information is useful in predicting capacity to generate cash flows from an existing resource and capital base—should the income statement reflect all aspects of performance reporting?
by Kurt Ramin, Director, KPR Associates, Düsseldorf and Dubai | February 18, 2016
Up-Close with Joyce Evans, Deputy City Treasurer & Director of Revenue, City of Kitchener, CanadaA member of the IFAC Professional Accountants in Business Committee describes some of her experiences as an accountant in the public sector, and the skills and competences needed.
by Joyce Evans, Deputy City Treasurer & Director of Revenue, City of Kitchener, Canada | February 4, 2016
A Vision for Integrated Thinking and the Role of Finance ProfessionalsIntegrated reporting continues to gain global momentum and help change the way businesses think about creating value over time—but it is integrated thinking that will ultimately change corporate behavior and lead to more resilient organizations...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | February 1, 2016
Integrated Reporting: Will It Make a Difference?How can integrated reporting avoid the pitfalls of previous methods to enhance corporate reporting, without becoming an added burden, to make a real difference in decision making and corporate behavior?
by Nick A. Shepherd, President, EduVision | January 19, 2016
News and Resources
There are 1995 news/resources
Why IFRS Remains Relevant in the US
Journal of Accountancy - December 14, 2016
OECD Updates Anti-Corruption Standards for Private Sector Aid Collaborations
Public Finance International - December 14, 2016
PCAOB Making Strides in Restoring Public Trust
Accounting Web - December 13, 2016
Business Model Reporting
Financial Reporting Council - December 13, 2016
Will Brexit, Trump Affect Global Accounting Standards?
Journal of Accountancy - December 12, 2016
Brexit Could Cost £12bn a Year to UK Economy, OBR Chair Says
Economia - December 1, 2016
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