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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.
|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
Creating Value with Integrated Thinking
June 3, 2016 - IFAC
This thought paper helps facilitate the contribution of professional accountants to integrated thinking—and help align capital allocation, corporate behavior, financial stability, and sustainable development.
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.
Management accounting professionals can use the SMA as a resource to see how leading companies are putting the guiding principles of integrated reporting into practice and learn the various content elements of an integrated report.
This article discusses a range of outcomes that have emerged worldwide regarding the requirements of SME financial reporting.
What Should Be Disclosed about Estimation Uncertainty?
April 29, 2016 - CPA Canada
As a preparer, this briefing will provide you with important considerations to enhance the usefulness and quality of your disclosures about estimation uncertainty.
This webinar, part of CPA Canada’s IFRS webinar series, highlights the basic requirements of IFRS 16 Leases, considers possible business implications, and suggests an action plan to implement the new standard.
- Enlist the Market in the Climate-Change Fight
August 23, 2016 - Wall Street Journal
- Is the New Accounting Standard on Leases Set to Change Business Practice?
August 22, 2016 - In the Black
- US FASB Aims to Clarify Consolidation Guidance for Not-for-Profits
August 10, 2016 - Accounting Web
- Singapore Lags behind in Sustainability Reporting
August 8, 2016 - The Accountant
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