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 123 articles
Public Sector Financial Problems Coincide with Societal OnesCorruption, a lack of trust, and other societal problems often go hand-in-hand with problems in public sector financial management.
by Nicolas Véron, Economist and Senior Fellow, Bruegel | August 8, 2016
Decision Making Requires Useful Accounting Information—For Societies, Businesses, GovernmentsGovernment leaders and citizens require useful financial information that is clear and practical—how else can they plan for the long term?
by William Holder, Dean,Leventhal School of Accounting, Alan Casden Dean's Chair, & Professor of Accounting, USC | July 22, 2016
Natural Capital Protocol Launched in Chartered Accountants Hall to Great FanfareThe launch of the Natural Capital Protocol should spark professional accountants to help businesses respond to natural capital impacts and dependencies—the sustainability of organizations, economies, and societies depends on it.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | July 18, 2016
Big Government, Small Government—Both Need to Get the Accounting & Transparency RightFormer UK Shadow Chancellor of the Exchequer Ed Balls on the important role accounting plays in earning and keeping the public’s trust in the public sector.
by Ed Balls, Former UK Shadow Chancellor of the Exchequer & Senior Fellow, Harvard Kennedy School | July 7, 2016
Not Enough People Read Their Governments’ Consolidated Financial ReportIt is crucial that we continue to modernize how governments report financial information, according to Hon. David M. Walker, Former US Comptroller General and Senior Strategic Advisor at PwC. We must find ways to communicate this
by Hon. David M. Walker, Former US Comptroller General, Senior Strategic Advisor, PwC | June 28, 2016
News and Resources
There are 1983 news/resources
US, International Accounting Rules Face Divergence Pressure
Bloomberg BNA - March 15, 2017
Accrual Practices and Reform Experiences in OECD Countries
Organisation for Economic Co-operation and Development, IFAC - March 6, 2017
IIRC Seeks Feedback on Integrated Reporting Implementation
Accounting Today - March 3, 2017
Could Bitcoin Become a New Global Currency?
New Jersey Institute of Technology - March 2, 2017
IFRS Foundation Publishes Debrief Video on IFRS for SMEs
IFRS Foundation - February 7, 2017
A Professional Judgement Framework for Financial Reporting
ICAS - February 3, 2017
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