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 47 articles
An SMP Perspective on Improving the Structure of the IESBA Code of Ethics for Professional AccountantsDo you agree with the IESBA’s proposals to improve the clarity of the IESBA Code of Ethics for Professional Accountants by revising its structure as outlined in its recent Consultation Paper ?
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Raymond Cheng, IFAC SMP Committee Member and Ethics Task Force Chair | March 9, 2015
What Do a Standard Setter, a Professor, and an Auditor General Have in Common?Three of the public members of the IESBA (Atsushi Kato, Japan; James Gaa, Canada; and Caroline Gardner, United Kingdom) discuss their views on the pressures that today’s accountants face in terms of acting ethically and the factors influencing...
by Alexandra Waibel, IFAC Assistant Manager, Communications, Marketing, and Brand | February 23, 2015
A Regulator Wants to Trade Permits for Favors? What Would You Do?A new app from Nederlandse Beroepsorganisatie van Accountants offers professional accountants in business an interactive tool to discuss, debate, and assess ethical dilemmas.
by Simone Folkers–de Bruijn, Senior Manager, Accountants in Business, Nederlandse Beroepsorganisatie van Accountants and Vincent Tophoff, Senior Technical Manager, IFAC | October 9, 2014
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
News and Resources
There are 683 news/resources
Real Integrity Briefing
Institute of Chartered Accountants in England and Wales - September 1, 2016
SOX Code of Ethics Rule Lowered Restatements
Accounting Today - August 31, 2016
The IRBA Announces Measures to Strengthen Auditor Independence and Enhance Investor Protection
IRBA - August 30, 2016
Mixed Reaction to Forced Rotation of Audit Firms
Business Day - August 29, 2016
PIOB Published Its 2017-2019 Strategy for Public Consultation
Public Interest Oversight Board - August 29, 2016
Quality & Membership eNews
IFAC - August 29, 2016
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