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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.
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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
"One of the most value-added activities that an internal audit department can undertake is to be able to demonstrate clearly where (the organization) is vulnerable.” Joe Murphy on cybersecurity risks and Attack & Penetration Testing
ACCA makes two major recommendations
What is IFRS for SMEs? ACCA's Corporate Reporting teams explains, in this video presentation.
This report provides you with some additional guidance, drawing from almost 40 good examples of sustainability reporting from around the globe, structured around the categories of criteria for the benchmark in 2014.
Mark O’Sullivan, one of Europe’s leading experts on Integrated Reporting (IR) talks to VLearn about some of the challenges and opportunities inherent in adopting IR as part of a progressive corporate strategy.
Considers the views of investors and companies in relation to the presentation, position and content of accounting policy disclosures and financial review information.
The IFRS Foundation has announced the publication of: IFRS as global standards: a pocket guide 2014, which will be available to the public soon. The pocket guide aims to provide an overview of the adoption of IFRS in 130 countries and other jurisdictions around the world
- US: Exceptions for Private Companies Are Damaging the GAAP Brand
May 5, 2015 - CFO.com
- India: ‘Investors Should be Informed of Impact of New Accounting Norms’
May 4, 2015 - Hindu Business Line
- Answers Needed for Flaws in M&A Accounting Standard
April 20, 2015 - CFO.com
- IASB Chief Announces New Mission Statement
April 17, 2015 - Economia
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