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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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IFAC’s Accountability. Now Partner Global Initiative for Fiscal Transparency (GIFT) published a set of principles on how to encourage public participation in fiscal policy.
Driven by the need to improve public finance management, accounting reforms are initiated by an increasing number of public sector entities, with the IPSASs serving as a reference point.
IPSAS handbook: IPSAS in a nutshell – From principles to practice is now available. All information has been brought up to date and includes all standards to 31 March 2015. Importantly, this latest edition is accompanied by the all-new IPSAS in a nutshell–Test your IPSAS knowledge, designed to help you assess your understanding of IPSAS.
Digital technologies and the internet are rapidly changing the ways we live, work and communicate. What are the implications for governments and the wider public sector?
FEE has recently launched a project 'Getting involved in public sector assurance', which is part of FEE's ongoing contributions to improving public sector financial management.
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.
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.
- New IFAC Research Report Demonstrates Positive Association between Business Performance and Use of Accountants
July 22, 2016 - IFAC
- 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
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