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IFAC FOCUS AREAS
- Accountability. Now.
- 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
This guidance provides recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organizations.
International Integrated Reporting guide assists audit committee and boards in their review of the Integrated Report.
This Handbook contains the complete set of the International Public Sector Accounting Standards Board’s® (IPSASB®) pronouncements on International Public Sector Accounting Standards™ (IPSASs™). It also includes Recommended Practice Guidelines (RPGs), with the introduction of RPG 1–Reporting on the Long-Term Sustainability of an Entity’s Finances and RPG 2-Financial Statement Discussion and Analysis, which were both approved in June 2013 and issued in July 2013.
Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
Establishes a benchmark for professional accountants in business to establish more effective business processes in the organizations in which they work. An executive summary is also available.
The IFRS Foundation offers free access to the current year's consolidated unaccompanied English language Standards and official Interpretations (this includes IFRS, IAS, IFRIC and SIC*). 'Unaccompanied' means without the Implementation Guidance and the Basis for Conclusions.
In a world of annual reports so bloated that they undermine understanding, less really can be more if you fight the info-flab by presenting corporate data more visually.
This video features a discussion by Robert Herz, former Chairman of the FASB (2002-2010) and Sir David Tweedie, first chairman of the IASB (January 2001-June 2011), who discuss challenges and highlights in the efforts to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) during their years at the IASB and the FASB.
- Indian Companies not yet Ready for Transition to New Accounting Standards
May 20, 2015 - The Hindu Business Line
- IFRS Foundation Responds to EC's Green Paper and Advocates for IFRS in a Capital Market Union
May 13, 2015 - IAS Plus
- AICPA Debuts Not-for-Profit Section
May 12, 2015 - Accounting Today
- US PCAOB Broadens Outreach to Audit Committees
May 8, 2015 - Accounting Today
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