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 33 articles
IFAC Deputy President: Effective Internal Audit Function Crucial for Boards and Audit CommitteesOlivia Kirtley, IFAC Deputy President, recently gave a presentation on how internal audit can provide the information boards and audit committees need for their decision making.
by Vincent Tophoff, Senior Technical Manager, IFAC | August 7, 2014
The Rise and Fall of the Aerarium: Lessons in Public Finance from the Roman EmpireReflections on the the long-term failure of public finance in ancient Rome and the lessons we can learn from the Roman treasury system.
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway | July 22, 2014
Blinded by the Short Term: How to Frustrate Sustainable Value CreationWhile many are paying lip service to adopting a longer-term perspective for companies and investing, short-termism is gaining ground. How can this trend be shifted?
by Vincent Tophoff, Senior Technical Manager, IFAC | June 18, 2014
Sneak Peek of the Upcoming IFAC/CIPFA Public Sector Governance FrameworkTo help improve public sector governance, IFAC and the Chartered Institute of Public Finance and Accountancy have been drafting an international framework for good governance in the public sector over the last three years. After careful...
by Kerry Ace, Finance and Policy Manager, CIPFA and Vincent Tophoff, Senior Technical Manager, IFAC | June 10, 2014
Creating Value through GovernanceAchieving good corporate governance is complex: it involves economics, politics and fundamental aspects of human nature, as well as business and markets. Ultimately, governance is about good decision making. As providers of financial information...
by Paul Moxey, Head of Corporate Governance and Risk Management, ACCA | April 8, 2014
News and Resources
There are 400 news/resources
Corporate Culture and the Role of Boards
Financial Reporting Council - August 16, 2016
Audit Reform: Hard Labor for Audit Committee Chairs?
Accountancy Age - August 16, 2016
Institute of Chartered Accountants in England and Wales - August 10, 2016
How to Supercharge Your Not-for-Profit’s Board to Achieve Scalable Impact
AICPA Insights - August 9, 2016
Serious Fraud Office Opens Airbus Corruption Investigation
BBC - August 8, 2016
Relationship to Audit Firms Can Be Sticking Point for Shareholders
The Globe and Mail - August 5, 2016
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