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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
Competent and Versatile: How Professional Accountants in Business Drive Sustainable Success
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.
According to this survey report, the five issues shaping the destiny of finance are volatility and risk; enterprise strategy supported by smarter finance deliver; an increased emphasis on intangibles in creating value; new technology frontiers; and the quality of talent available to the CFO function.
Arleen Thomas, CPA, CGMA, explains why development is the key to retention.
This report examines the role of trust, incentives, and engagement as critical determinants of service delivery performance in the countries of the Middle East and North Africa (MENA) region.
- The Management Accounting Profession Will Double by 2024 - Are We Prepared?
May 3, 2016 - Accounting Today
- CFO Strategies for Surviving and Thriving in a Volatile Economy
April 28, 2016 - CFO Innovation
- Why Bookkeepers Should Embrace Technology to Enhance Their Career
April 28, 2016 - Accounting Web
- Big Data Overwhelms the C-Suite
April 27, 2016 - CFO.com
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