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||
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. See the full overview.
by Tanya Barman, Associate Director, Ethics, Chartered Institute of Management Accountants | July 21, 2016
The intersection of human rights and business is an important emerging area that no business can afford to ignore, and assessing and addressing potential risk is clearly also a role for the professional accountant .
There are 59 articles
Developing the IFAC SMP Committee Response: Proposed Changes to the IESBA Code Regarding Long AssociationThe IFAC SMP Committee seeks feedback in developing our response to the IESBA’s Exposure Draft, Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client, which is open for...
by Albert Au, IFAC SMP Committee Member and Ethics Task Force Chair, and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | September 24, 2014
How Do You Self Identify? Professional Identity and Balancing Competing InterestsOver time professional accountants in business, hired for their professionalism and independent judgment, may identify with their organization more than their profession, which can be a problem.
by Eva Tsahuridu, Policy Adviser Professional Standards and Governance, CPA Australia | September 15, 2014
Epictetus and the Importance of Reason before EthicsEpictetus, a Greek Stoic philosopher who lived in the early second century AD, argued our capacity to reason provides the basis to recognize many ethical truths, so what would he say to the accountants of today regarding professional ethics codes?
by Eli R. Khazzam, Senior Professional, Economic Development & Emerging Technologies. | August 13, 2014
Developing the SMP Committee Response: The Code of Ethics and Non-Assurance Services for Audit ClientsThe IFAC SMP Committee is seeking feedback on their preliminary views in response to the IESBA’s Exposure Draft on proposed changes to the Code of Ethics for Professional Accountants addressing non-assurance services for audit clients.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | July 22, 2014
Weaving Ethics into the Conversation: The IESBA Code and Ethical NormingWith an almost universal recognition of the connection between ethical behavior and economic growth, it is time for corporate leaders—and professional accountants—to stop lagging behind and pay attention.
by Tanya Barman, Associate Director, Ethics, Chartered Institute of Management Accountants | June 18, 2014
News and Resources
There are 699 news/resources
The IRBA Announces Measures to Strengthen Auditor Independence and Enhance Investor Protection
IRBA - August 30, 2016
Quality & Membership eNews
IFAC - August 29, 2016
PIOB Published Its 2017-2019 Strategy for Public Consultation
Public Interest Oversight Board - August 29, 2016
Mixed Reaction to Forced Rotation of Audit Firms
Business Day - August 29, 2016
IFAC Interactive Tool Profiles Accounting Rules in Member Countries
CCH Daily - August 26, 2016
Audit Exemption Thresholds in Europe
Fédération des Experts-comptables Européens – Federation of European Accountants - August 25, 2016
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