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 44 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, Editor-in-Chief, IFAC Global Knowledge Gateway | 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 673 news/resources
BNA INSIGHTS: Monitoring, Maintenance Are Vital in Ethics, Compliance Programs
Bloomberg BNA - August 17, 2016
Helping Accountants Do the Right Thing
Business Times - August 16, 2016
Bribery Risk to Small Firms as Exports Rise
The Telegraph - August 13, 2016
Auditor Independence Education Materials
College of Business at Illinois - August 10, 2016
Malaysia: Message from the Top Not Right in Tackling Graft—MICG Chief
The Edge Markets - August 10, 2016
UK Legislators Criticise "Sticking Plaster" OECD Tax Avoidance Reforms
Public Finance International - August 4, 2016
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