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 137 articles
Integrated ReportingSince the launch of the International Integrated Reporting Framework at the end of 2013, global momentum of Integrated Reporting is promising. However, to achieve wide scale adoption, the Integrated Reporting movement needs the leadership of...
Longs for Finance Professionals
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | February 2, 2017
Moving toward Transparency, Consistency, and ThoroughnessAll government entities should move beyond cash-based accounting to accrual-based accounting in order to facilitate greater transparency, consistency, and thoroughness in financial reporting.
by Hon. David M. Walker, Former US Comptroller General, Senior Strategic Advisor, PwC | January 17, 2017
Integrated Reporting: An Emerging OpportunityIntegrated reporting, and specifically the multiple capital model that drives the quantitative core of the reporting framework, opens entirely new avenues for accountants to deliver value to internal and external users.
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor, Lehman College (CUNY) | November 14, 2016
New Public Sector Accounting Standards and Rights of CitizenshipBrazil’s transition to using International Public Sector Accounting Standards, which began in 2015, will strengthen the country’s public sector financial management, improve its accountability and transparency, and build trust with citizens for...
by Idésio S. Coelho, Senior Partner,EY & President, IBRACON | October 31, 2016
News and Resources
There are 2000 news/resources
Progress Towards Global Accounting Standards: 2017 Pocket Guide Published
IFRS Foundation - May 9, 2017
Good Practice from the Excellence in Reporting in the Public Sector Award–Building Public Trust in Corporate Reporting Awards
National Audit Office - April 28, 2017
New Video: Loan Loss Accounting and Financial Stability
IFRS Foundation - April 27, 2017
ACCA and IMA Host Accounting Leaders at Integrated Reporting Event
Accounting Today - April 26, 2017
IFRS Foundation Publishes 2016 Annual Report
IFRS Foundation - April 25, 2017
Insights into Integrated Reporting: Challenges and Best Practice Responses
ACCA - April 18, 2017
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