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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.
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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
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Short animation on the FRC's Financial Reporting Lab report, ‘Digital Present’, which was published today. This in-depth reports shows investors’ views on digital communication used by companies in their corporate reporting.
Shows that investors welcome digital reporting where it is helpful in meeting their needs for corporate information and shares practical suggestions on how companies can improve their digital corporate reporting across a range of communication channels, tools and PDF annual reports.
The reminder summarizes the Lab’s published reports and highlights areas where relatively simple changes could improve corporate reporting, enhancing the usefulness of reports for investors.
This insight report by the Financial Reporting Lab highlights progress made by companies towards clearer and more concise reporting in 2013, and provides ideas on the process of change.
Considers the views of investors and companies in relation to the presentation, position and content of accounting policy disclosures and financial review information.
Seeks to be a catalyst to removing unnecessary text and data from annual reports.
- International Accounting Board Amends Insurance Standard
September 14, 2016 - BloombergBNA
- Indian Real Estate Companies Set to Face Problems Due to New Accounting Standards: Ernst & Young
September 8, 2016 - Economic Times
- The Cash-Flow Clash
September 8, 2016 - CFO.com
- Special Feature: Public Sector
September 1, 2016 - South African Institute of Chartered Accountants
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