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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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Seeks to draw to a conclusion ICAS’ earlier work, Making Corporate Reports Readable, which was issued in 2010 for consultation. It also highlights other relevant work on corporate reporting and sets out ICAS’ overall policy position on corporate reporting.
Calls for the duties of company auditors, directors, and non-executives to evolve in order to provide greater transparency and accountability to shareholders and others.
Contains a pro forma short form report of a fictional universal bank and produces―in less than 30 pages―the key information of interest to investors.
- How to Tackle Implementation of Multiple High-Profile Accounting Standards
July 14, 2016 - Journal of Accountancy
- Natural Capital Protocol Launched Today
July 13, 2016 - Natural Capital Coalition
- IASB to Focus on Communication Effectiveness of Financial Statements
July 12, 2016 - CFO Innovation
- Accountants, Auditors to Get a New Ethics Rule Book
July 12, 2016 - Wall Street Journal
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