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 142 articles
Insights into Integrated ReportingNew ACCA research outlines integrated reporting insights, including the challenges and best practice responses based on over 40 corporate reports and interviews with leading integrated reporters.
by Yen-pei Chen, Corporate Reporting and Tax Manager. Professional Insights, ACCA | May 11, 2017
IFRS’ Impact on SMEsWhat role do International Financial Reporting Standards play in accounting for small- and medium-sized entities in Europe?
by Robin Jarvis, Professor of Accounting, Brunel University and Special Adviser to the European Federation of Accountants and Auditors (EFAA) | April 26, 2017
Reinventing ERM and Internal Audit: Accountants Need to Drive Radical ChangeAccountants need to play lead roles driving radical change toward Objective-Centric Enterprise Risk Management and Internal Audit, argues Tim Leech.
by Tim J. Leech FCPA FCA CIA CCSA CRMA, Managing Director, Risk Oversight Solutions Inc. | April 11, 2017
Integrated Reporting: Quantitative or Qualitative?Is integrated reporting more quantitative or qualitative in nature—and is it subject to change over time?
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor, Lehman College (CUNY) | April 10, 2017
Well-Managed Government Is Critical to Functioning SocietiesPoor public sector financial management create fundamental problems in society.
by Ian Ball, Chairman, CIPFA International | March 27, 2017
News and Resources
There are 2015 news/resources
Brexit: Implications for Financial Reporting
ICAEW - October 5, 2017
The Rise of Integrated Reporting
Chartered Accountants Ireland - October 3, 2017
Core & More: An Opportunity for Smarter Corporate Reporting
Accountancy Europe - September 22, 2017
IASB Issues Practice Statement 2 Making Materiality Judgements and Publishes Exposure Draft Definition of Material
IFRS Foundation - September 20, 2017
Call for Action: Enhance the Coordination of Non-Financial Information Initiatives and Frameworks
Accountancy Europe - September 18, 2017
IFRS Standards—Why Do They Matter?
IFRS Foundation - September 11, 2017
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