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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
Presents the top 10 technology trends that will have the potential to significantly reshape the business and accountancy landscape.
This Discussion Paper stimulates a global debate on preparing accountants for finance leadership roles, including the CFO. The paper features five principles that highlight the changing expectations, scope, and mandate of the CFO and finance leadership roles and recommends what action professional accountancy organizations and employers can take to prepare professional accountants for career progression to finance leadership.
What can a 1963 lecture on the finance function teach us about being a business partner today? Perhaps a lot more than you would expect! Watch ICAEW's webcast on "Effective business partnering: past, present and future" which covers how to become an effective business partner, dealing with organisational resistance, international differences and how we can learn from history. The webcast provides a combination of practical tips and some broader food for thought
It’s said to be of questionable value. But a liberal arts education can provide a vital advantage in a finance career, as four CFOs found.
An article on the CFO role in creating a culture of innovation. Six levers of innovation can help CFOs leverage new business models and technologies to improve efficiency and effectiveness within the finance function and beyond.
Finance Transformation: A Lean Approach to Increase Value
July 1, 2013 - PwC
This report considers how a “lean approach” can help transform the back office to achieve and sustain process excellence.
This policy proposal maps out a three-stage reform process to accelerate financial discipline across the UK central government (Whitehall) and calls on politicians from all political parties to adopt certain actions.
- 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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