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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
The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research reviews academic research into the effects of mandatory adoption of IFRS in the EU and summarises what it tells us about the costs and benefits of adoption.
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.
The SASB provides standards for use by publicly-listed corporations in the US in disclosing material sustainability issues for the benefit of investors and the public. SASB standards are designed for disclosure in mandatory filings to the US SEC.
The 2015 formulas are designed to work with the IFRS Taxonomy 2015. The majority of the changes between the current version and the previous version are related to the IFRS Taxonomy content.
The IFRS Foundation has published the 2015 edition of IFRS as Global Standards: a Pocket Guide. The guide provides a summary of the use of International Financial Reporting Standards (IFRS) in 138 countries around the world, representing over 97 per cent of the world’s GDP.
How does the market know which SMEs are creating value? And how do the SMEs themselves know that they have created value for their stakeholders?
ISCA published its inaugural Yearbook titled “<IR>: 2014 in Reflection”. This Yearbook provides a glimpse into the key events and milestones of Singapore’s <IR> journey in 2014
- The Quiet War on Corporate Accountability
April 27, 2016 - New York Times
- IPSASB Publishes the Applicability of IPSASs
April 22, 2016 - International Public Sector Accounting Standards Board
- Stamford Company's App Aimed at Organizing Leases
April 20, 2016 - Stamford Advocate
- Public Sector Transparency and Accountability Vital to Caribbean Economic Growth
April 13, 2016 - IFAC
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