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 23 articles
These Six Building Blocks Are Critical for Better Public Financial ManagementA wider strategic framework is necessary in managing the practical aspects of how governments can change from cash to accrual accounting.
by Sumita Shah, Regulatory Policy Manager, Public Sector, Institute of Chartered Accountants of England and Wales | September 25, 2017
Five Key Methods to Improve Public Financial AccountabilityThere is increased awareness of the crucial need for better performance and greater accountability in public financial management (PFM) systems around the globe.
by Ian Ball, Chairman, CIPFA International | August 14, 2017
Financial Management Reform in UK Government: Putting Finance at the Heart of Decision MakingSolid management information can help governments manage resources and make decisions that deliver value for money.
by Rebecca McCaffry, FCMA, CGMA, Associate Technical Director–Management Accounting, the Association of International Certified Professional Accountants | July 31, 2017
Public Finance Business Partners: Influencing Better Public Sector PerformanceThere is a growing expectation that the public sector should “do more with much less” so public administrators are required to be more efficient and effective.
by Marcel Holder Robinson, Finance Policy Manager (Governments), Chartered Institute of Public Finance and Accountancy | July 17, 2017
Accountability Matters: The Importance of a Rights-based Approach in Public Financial ManagementPublic sector leaders must be held accountable, otherwise protests like the ones seen in Greece will be repeated.
by Marcel Holder Robinson, Finance Policy Manager (Governments), Chartered Institute of Public Finance and Accountancy | June 18, 2017
News and Resources
There are 98 news/resources
Budget Transparency Toolkit
Organisation for Economic Co-operation and Development - August 28, 2017
Public Private Partnerships on Public Financial Management Reforms in Asia
World Bank - August 28, 2017
Delivering Excellent Public Financial Management
CIPFA - August 14, 2017
Managing Public Money
Future Learn - August 14, 2017
Don't Mess Around with Government Pensions
Bloomberg - July 24, 2017
The Stages of PFM Reform in Fragile States
Public Financial Management Blog - June 19, 2017
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