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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
The CGMA Competency Framework is designed to help management accountants and their employers understand the knowledge requirements and assess the skills needed for both current and desired roles. The framework is underpinned by the need for objectivity, integrity, and ethical behaviour, and includes a commitment to continuously acquire new skills and knowledge.
Five simple exercises can help you recognize, and start to shift, the mind-sets that limit your potential as a leader.
These charts assist professional accountants in developing the competencies necessary for becoming a CFO.
Re-envisioning the CFO as the Chief Future Officer
March 19, 2014 - AICPA Insights
This article discusses the traits of a data-enabled CFO.
What are the main requirements and expectations of CFOs and finance leaders in the modern economy? What are the implications on the requisite skills and competencies of accountants? These are some issues which IFAC’s discussion paper, “The Role and Expectations of a CFO”, seek to address and stimulate a global debate on as it prepares accountants for finance leadership roles, including Chief Financial Officers (CFOs). The paper also highlighted the changing expectations and scope of the CFO and finance leadership roles and the action professional accountancy organisations (PAOs) and employers can take to prepare professional accountants for finance leadership.
This model aims to assist accountancy organisations in their development journey, irrespective of their current stage of development. It provides a roadmap to assist PAOs undertake an organisational self-assessment to identify opportunities for development, improvement and sustainable growth
- New Report from ACCA Asks the World's Smallest Businesses, “Are You Ready for Growth?"
August 31, 2015 - ACCA
- In Search of Finance and Accounting Talent
August 27, 2015 - CFO.com
- As Regulatory Costs Grow, the Accounting Chief’s Duties Add Up
August 27, 2015 - Wall Street Journal
- How To Stop Managing And Start Actually Leading
August 26, 2015 - Fast Company
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