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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.
|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. Read More
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Preparing for a Price on Carbon: Lessons from 3 Companies
February 24, 2015 - World Bank
Case studies show how 3 energy companies developed GHG reporting and how they're using the data
CDSB has shown how the most widely used corporate natural capital-related reporting approaches align to help companies.
Assists directors in understanding the factors to consider when deciding on and assessing the value of assurance for reported greenhouse gas emissions.
Sheds light on effective non-financial reporting practices and offers a pool of inspirational examples to stimulate the sharing of best practices. The review provides recommendations so that corporate reports can help companies create value for all stakeholders.
Provides a starting point for new or early-stage sustainability reporters and is useful for small and mid-sized public companies as well as large corporations.
Ranks the world’s stock exchanges based on the extent to which their large listed companies are disclosing the seven “first generation” sustainability indicators: employee turnover, energy, greenhouse gases, lost-time injury rate, payroll, waste, and water
Of the investors surveyed for this report, 93% called for greater consistency and transparency, while 84% of respondents agreed established standardised reporting frameworks need to be used by companies to achieve both those aims.
- 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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