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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||
Unethical business practices harm organizations and economies. Large-scale business failures such as Enron—as well as the more recent failures related to the global financial crisis—highlight the consequences of unethical business practices and amoral management. Professional accountants, as stewards of transparency and trust, and subject to a professional code of ethics, have a key role to play not only in upholding but in encouraging and influencing ethical behavior and decision making within their organizations. Read More
by Anton Colella, Chief Executive, Institute of Chartered Accountants of Scotland | June 22, 2016 |
A few years ago, ICAS established its own Ethics Board; Chief Executive Anton Colella explains why, it’s governance and leadership, and how it is structured to be a key part of ICAS’s strategy. Read More
ICAS Chief Executive Anton Colella argues that moral courage is one of the defining characteristic of professional accountants today, and it should be included in the Code of Ethics for Professional Accountants. Read More
Teach Your Children Well: Teaching Young Accountants the Importance of Ethics
by Anton Colella, Chief Executive, Institute of Chartered Accountants of Scotland | May 30, 2016 |
In addition to traditional training materials, young accountants must be taught the importance of being ethical—and the best way to do this is through stories and examples from senior members of the profession. Read More
An SMP Perspective on the IESBA’s Limited Re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel with an Audit Client
by Christopher Arnold, Head of SME/SMP and Research, IFAC | May 5, 2016 |
The IFAC SMP Committee shares its perspective on the IESBA’s Limited Re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel with an Audit Client. Read More
Doing the Right Thing Even When No One Is Looking Part III: Your Built-In Compass
by Mats Olsson, IFAC SMP Committee Member and Partner, Adrian & Partners AB | April 26, 2016 |
In the third part of this video series, IFAC SMP Committee Member and Partner at Adrian & Partners AB Mats Olsson examines the importance of integrity to the work of professional accountants. Read More
- The Public Interest: Client Confidentiality Versus Disclosure of an Illegal Act
June 16, 2016 - AICPA Insights
- Brazil’s New ‘Transparency’ Chief Falls in His Own Scandal
June 1, 2016 - International Business Times
- Improve Transparency, Values, Accountability to Defeat Corruption, Says Accounting Federation
May 19, 2016 - Bernama.com
- What David Cameron’s Anti-corruption Summit Did and Didn't Achieve
May 13, 2016 - The Economist
- 2014 Handbook of the Code of Ethics for Professional Accountants
July 17, 2014 - International Ethics Standards Board for Accountants
- Defining and Developing an Effective Code of Conduct for Organizations
May 31, 2007 - IFAC