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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.
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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
CFOs should urge their teams to consciously try to overcome these dangerous predispositions.
The evolution of the finance professional is continual. Here are five steps to help members embrace this new age of trusted business advisor.
This study, released by the Canadian Financial Executives Research Foundation and sponsored by branding and design firm Shikatani Lacroix, uncovers the changing perceptions of financial executives.
The CGMA Finance Impact Tool is a comprehensive, systematic assessment of an organisation’s finance activities.
People are a company’s greatest asset. A company’s workforce drives growth and performance; and success is intrinsically linked to the workforce’s skills, talent, knowledge and ability. This value, held in people’s heads, is worth more than any physical asset.
Many young accounting and finance professionals tend to job hop, transitioning from company to company to broaden their range of experience and develop new skills on the path to becoming CFOs. While there are benefits to this approach, there are also key disadvantages. Caly Cramsey, CFO of the Bank of Quincy is interviewed to discuss how sometimes working for one organization from entry level up can be your best bet.
From round-table discussions around the country and from The CFO Alliance’s annual survey, four themes are emerging for CFOs to reach those growth goals
- How To Stop Managing And Start Actually Leading
August 26, 2015 - Fast Company
- How to Respond When Someone Insults Your Profession
August 20, 2015 - Accounting Web
- CFOs Outpace Their Bosses in Pay Increases
August 19, 2015 - Wall Street Journal
- AICPA Trends Report Finds Accounting Enrollments Reach an All-Time High
August 17, 2015 - AICPA Insights
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