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IFAC FOCUS AREAS
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- Developing the Global Profession
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- Professional Accountants in Business
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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.
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Finance Leadership & Development
Professional accountants need to respond to the continually changing expectations of their organizations, the financial markets, and society. In addition, many accountants aspire to finance leadership roles, such as chief financial officer (CFO). As a result, they must fulfill their traditional responsibilities, while increasing their support of strategic and operational decision-making. Through education, life-long learning, and development, they must acquire the right mixture of skills, experiences, and attitudes, including leadership, strategy, business, management, and interpersonal skills. Read More
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Female leaders also display the traditional male characteristics of persuasiveness, assertiveness and willingness to take risks.
Awareness of 10 traits should improve your process and help you avoid falling into some common traps.
If you are a young CPA with aspirations—whether your goal is to take on a leadership role, move into management or simply make your current role align more with your vision of the future—there is an approach you can take that will help you get ahead without having to say yes all of the time. It’s called “managing up.”
The CFO's role has undergone significant changes in recent years, and that is expected to continue during the next decade, writes Bruce Nolop, former CFO for Pitney Bowes and E-Trade Financial. CFOs of the future will focus on strategy, have a global perspective and stellar communication skills.
Many companies are rethinking employee performance measurement systems that label or rank workers. Some worry that these systems are subjective and deplete employee morale. Other companies, however, are reluctant to let go of these types of ranking systems.
Managers Account for 70% of Variance in Employee Engagement
April 21, 2015 - Gallup
A manager can have a significant impact on the engagement levels of employees, Gallup research shows. Highly talented managers are rare, however, which helps to explain why just 30% of U.S. workers are engaged.
Accountants must be able to develop new business processes, service offerings, and ways to leverage technology.
- The Changing Face of Accounting
May 19, 2015 - DNA India
- How CFOs Can Improve Their Collaboration with CIOs
May 11, 2015 - CPA Insider
- CFO to CEO (p. 33)
May 5, 2015 - AccountancySA
- 7 Ways CFOs Can Keep up with Rapid Changes in Technology
May 4, 2015 - Journal of Accountancy
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