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.
|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. See the full overview.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 6, 2017
IFAC recently issued a policy position on integrated reporting highlighting the need for a single report providing a fuller picture of an organization’s ability to create value over time, and greater interconnectedness between different reports.
There are 144 articles
The Never Ending Story of Prudence and IFRSThe recently issued Exposure Draft, Conceptual Framework for Financial Reporting, from the IASB includes reintroducing prudence as cautious prudence, but it can be argued that asymmetric prudence is also a necessary characteristic of useful...
by Alfred Wagenhofer, Professor and Director, Center for Accounting Research, University of Graz, Austria | October 13, 2015
Reporting on Banks’ Regulatory Capital: A Role for Auditors?Some of the most fundamental indicators of the strength and resilience of banks are reported outside of their financial statements. The Institute of Chartered Accountants in England and Wales (ICAEW) believes that
by Michael Izza, FCA, Chief Executive, ICAEW and Megan Zietsman, IAASB Member and Chair of the Group Audits and the Enhancements Working Groups | October 6, 2015
Improving Public Sector Financial Management: The Eight Key Elements of PFM SuccessIn a video, the Confederation of Asian and Pacific Accountants’ Chief Executive discusses the organization’s new guide to help professional accounting organizations engage with their governments to assess and improve successful public sector...
by Brian Blood, Chief Executive, Confederation of Asian and Pacific Accountants | October 5, 2015
A Need for Better Cost Information in the Public SectorActivity-based costing (ABC) systems can be helpful for organizations (both public and private) seeking to understand their costs and the behavior of factors that drive their costs.
by Gary Cokins, CPIM, Analytics-Based Performance Management LLC | October 5, 2015
Avoiding “Tax Chaos” in the Globalized, Digital 21st CenturyToward the end of the OECD’s original plan for tackling international taxation—contained within quite understated “background” material—is a short paragraph that culminates in foretelling “global tax chaos”
by Russell Guthrie, Executive Director, Professional Relations, and CFO, IFAC | September 22, 2015
News and Resources
There are 1991 news/resources
International Financial Reporting, Accounting Standards Adopted in Belarus
Belarus News - January 3, 2017
Blockchain Promises Accountants, Auditors and Their Clients Better Data Sooner And Cheaper
NASDAQ - December 28, 2016
Why IFRS Remains Relevant in the US
Journal of Accountancy - December 14, 2016
OECD Updates Anti-Corruption Standards for Private Sector Aid Collaborations
Public Finance International - December 14, 2016
PCAOB Making Strides in Restoring Public Trust
Accounting Web - December 13, 2016
Business Model Reporting
Financial Reporting Council - December 13, 2016
Get The Latest. Sent twice monthly.