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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.
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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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This report discusses the future of the finance function and outlines why broad-based finance qualifications remain valuable and why businesses need finance skills and capabilities across the entire finance value chain.
This report uses detailed case studies to present insights from leading organizations on the challenges, solutions, and opportunities for talent management in today’s global finance function.
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.
Drawing on studies of executives and leaders of finance teams, The Traits of Today's CFO develops a picture of the contemporary and future controller and CFO and tells you how to powerfully perform in these roles. Includes checklists, self-assessments, position descriptions, coaching exercises, and other practical tools to make this book useful to your work now and your own evolving career.
Research by Robert Half highlights a new skills gap for finance departments that want to make the transition from traditional accounting roles to ones that help other departments optimize performance, make better business decisions, and improve risk management.
This article identified “masters” of finance as being well integrated with the enterprise as a whole and being “masters” of certain specific, advanced financial capabilities.
A large domestic manufacturer’s financial department fixed its bloated ways by applying the principles of lean thinking to its “tried and true” internal systems. Teams helped the company save momney and cut down on waste as well as reduce work hours.
- Great Experiential Learning Is Key to Growing Top Talent
July 25, 2016 - Accounting Today
- US CEOs Back Board Diversity, GAAP Adherence in Reform Push
July 25, 2016 - New York Times
- New IFAC Research Report Demonstrates Positive Association between Business Performance and Use of Accountants
July 22, 2016 - IFAC
- How Blockchain Will Impact Accountants and Auditors
July 22, 2016 - Economia
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