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.
|Global Knowledge Gateway||
The recent financial and economic crises exposed many corporate governance weaknesses—but, at the same time, they created momentum for change. Effective governance encourages better organizational decision making, accountability, and robust scrutiny of organizational performance. Accountants are in an excellent position to ensure that governance is integrated into the very DNA of their organizations, which has been identified as critical to its effectiveness. See the full overview.
Inspire, Implement, Assure—How Internal Auditors Can Leverage the International Framework Good Governance in the Public Sector
by Jim Pelletier, Managing Director, Institute of Internal Auditor’s American Center for Government Auditing and Vincent Tophoff, Senior Technical Manager, IFAC | October 11, 2016
Public sector internal auditors can enhance their organizational governance by leveraging the guidance within the International Framework Good Governance in the Public Sector .
There are 35 articles
Improving Public Sector Financial Management: The Eight Key Elements of PFM SuccessIn a video, the Confederation of Asian and Pacific Accountants’ Chief Executive discusses the organization’s new guide to help professional accounting organizations engage with their governments to assess and improve successful public sector...
by Brian Blood, Chief Executive, Confederation of Asian and Pacific Accountants | October 5, 2015
Final Governance Principles Out from Basel but Changes are LimitedThe Basel Committee on Banking Supervision recently published a revised version of its corporate governance principles for banks, which incorporated some of IFAC’s recommendations but changed very little following the consultation period.
by Vincent Tophoff, Senior Technical Manager, IFAC | October 5, 2015
The Necessary Variables for Audit Quality, Including Joint ResponsibilityAudit quality is the responsibility of more than “only” the auditor and there are key factors at play throughout the financial reporting chain.
by Alan Johnson, Non-Executive Director, Jerónimo Martins, and IFAC’s Professional Accountants in Business Committee Member | August 27, 2015
Looking Back to Assess the Present: Different Development Paths for Controlling in the US, GermanyThe world of the professional accountant working in public practice or in business is typically dominated by standards, regulations, and laws governing external financial reporting intended for the investment
by Gary Cokins, CPIM, Analytics-Based Performance Management LLC and Larry White, Executive Director, Resource Consumption Accounting Institute | July 14, 2015
News and Resources
There are 403 news/resources
Audit Committees Face Expertise, Risk Management Challenges
CFO.com - January 11, 2017
FRC Calls for More Oversight Powers to Tackle Corporate Governance
Economia - January 11, 2017
Interview: Jamaica’s Auditor General Pamela Monroe Ellis
Association of Chartered Certified Accountants - January 10, 2017
Corruption Culture and Corporate Misconduct
Harvard Law School Forum on Corporate Governance and Financial Regulation - November 29, 2016
King IV Report on Corporate Governance for South Africa 2016
IoDSA, King Committee - November 28, 2016
HKICPA Partners with NGO Governance Platform Project as an Extension to Its CPAs for NGOs Social Responsibility Programme
Hong Kong Institute of CPAs - November 2, 2016
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