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- Professional Accountants in Business
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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
IPSASB Adoption and Implementation
January 27, 2015 - International Public Sector Accounting Standards Board
A newly redesigned IPSASB ‘Adoption & Implementation’ page which features new video case studies.
Video: Panel Discussion on Accounting and the Financial Crisis
December 17, 2014 - IFRS Foundation
On 8 December 2014 the ICAEW and IFRS Foundation held a joint conference on financial institutions. The conference included a panel discussion entitled ‘accounting and the financial crisis’
Make sure your accounting and reporting systems are up to date with this year-end round up reporting alert.
Nick Topazio, ACMA, CGMA, explains how companies can adopt integrated thinking and decision-making processes that are fundamental to the creation of an integrated report.
This guide aims to assist new preparers of integrated reports and offers suggestions for planning and preparing an integrated report drawing on the wisdom of some of South Africa’s most experienced reporters
Countries’ Adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)–Early Empirical Evidence
December 3, 2014 - Taylor & Francis Online
The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is increasingly being adopted in a number of jurisdictions. Despite the economic importance of non-publicly accountable entities, little is known about what factors influence countries' decisions to adopt IFRS for SMEs. In a unique sample of 128 countries, they find that countries that are not capable of developing their own local generally accepted accounting principles are more likely to adopt IFRS for SMEs. Overall, the results are helpful in understanding the worldwide diffusion of IFRS for SMEs. Standard setters and regulators might consider the study in the future development of accounting harmonisation of non-publicly accountable entities.
For supreme audit institutions (SAIs) the adoption of the cash-basis IPSAS is a welcome development, as the International Standards of SAIs list IPSAS as an acceptable general purpose financial reporting framework. This article (pages 15-19) deals with some of the challenges faced by SAIs when auditing cash-basis IPSAS financial statements.
- Indian Companies not yet Ready for Transition to New Accounting Standards
May 20, 2015 - The Hindu Business Line
- IFRS Foundation Responds to EC's Green Paper and Advocates for IFRS in a Capital Market Union
May 13, 2015 - IAS Plus
- AICPA Debuts Not-for-Profit Section
May 12, 2015 - Accounting Today
- US PCAOB Broadens Outreach to Audit Committees
May 8, 2015 - Accounting Today
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