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IFAC FOCUS AREAS
- Accountability. Now.
- Developing the Global Profession
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- 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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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. Read More
Summary of the key messages from the February 2015 roundtable wh ich includes expert articles provided by selected speakers to emphasize the importance of obtaining and continually enhancing the optimal mix of director skills.
Make It Your Business: Engaging with the Sustainable Development Goals
November 5, 2015 - PwC
It makes commercial sense to embed the SDGs in operations and strategy, but how ready is business to support governments achieve these global goals?
The European Securities and Markets Authority has published guidelines for listed issues on alternative performance measures (APMs). The purpose of the guidelines is, amongst other things, to improve the comparability and reliability of APMs when used in prospectuses or regulated information.
Why accounting is good for governments and citizens.
Fundamentals of Central Banking: Lessons from the Crisis
October 16, 2015 - Group of Thirty
This report identifies three continuing core principles for central banking and ten observations on how central banks must adjust their roles going forward to better prevent and address future crises.
Reviews rationales offered by national governments for including or maintaining certain corporate assets in state ownership. Drawing on a survey of 24 countries, the report provides guidance to authorities seeking to reform or review their ownership policies.
The purpose of this report is to support all exchanges in their work to enhance transparency in their markets. Investors and companies increasingly look to exchanges to help support more sustainable markets, yet less than 1/3 of exchanges offer guidance on reporting ESG considerations.
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- SL Businesses Urged to Practice Good Governance: IFAC President
August 3, 2015 - Hiru Business News
- Sri Lanka: Some Aspects of Corporate Governance
July 6, 2015 - The Island
- Mauritius: Prime Minister Reiterates His Commitment towards Good Governance
May 14, 2015 - AllAfrica.com
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