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
Could Disclosing Climate-related Financial Information Become the New Normal?Climate change disclosures in corporate reports are common but the link to financial implications, both current and of the future, is still often missing in reporting.
by Laura Leka , Technical Manager, Global Accountancy Profession Support, IFAC | October 17, 2017
The Case for SMEs to Consider Integrated Thinking and ReportingThe benefits and opportunities for SMEs to consider both integrated thinking and integrated reporting, including better understanding, management and communication.
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | October 17, 2017
How Does PEFA Stimulate Better Public Financial Management?The Public Expenditure and Financial Accountability program has become the global standard for PFM performance assessment and a template for developing diagnostic tools.
by Lewis Hawke, Head of PEFA Secretariat | October 10, 2017
The Budget Transparency Toolkit: The 5 Key Entry Points to Budget TransparencyThe OECD’s new Budget Transparency Toolkit serves as a guide to navigating the various standards on budget transparency, and as an aid to orientation and action within this busy landscape.
by Ronnie Downes, Deputy Head, Budgeting & Public Expenditures, OECD | September 26, 2017
These Six Building Blocks Are Critical for Better Public Financial ManagementA wider strategic framework is necessary in managing the practical aspects of how governments can change from cash to accrual accounting.
by Sumita Shah, Regulatory Policy Manager, Public Sector, Institute of Chartered Accountants of England and Wales | September 25, 2017
News and Resources
There are 1991 news/resources
Why Financial Statements Don’t Work for Digital Companies
Harvard Business Review - March 14, 2018
Preparing an Integrated Report: A Starter's Guide
Integrated Reporting Committee of South Africa - March 12, 2018
The UK Central Government Public Financial Management System
ICAEW - February 21, 2018
Managing the Public Balance Sheet
ICAEW - February 21, 2018
Upcoming Event: Integrated Reporting: The UK Experience – February 22
ICAEW - February 9, 2018
Corporate Reporting Must Evolve to Keep Up with a Digital World
CPA Canada - January 29, 2018
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