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||
Globally, there is increasing demand from both Muslims and non-Muslims for more information on Islamic finance. From a commercial standpoint, more institutions are seeking guidance on the regulations, standards, compliance, and legal processes used to conduct business activities in accordance with Sharia law, the moral and ethical code of Islam, which underpins Islamic finance. Professional accountants working in business, especially those in the finance sector, are often involved in finance and investment decisions and either may be required to apply Sharia or else may wish to consider alternative methods and solutions. Similarly, many accounting firms provide advice to organizations and individuals to support Sharia-compliant finance, including investment decisions and financial planning. See the full overview.
by Jaseem Ahmed, Secretary General, Islamic Financial Services Board | November 16, 2015
This three-part article was adapted from Mr Ahmed’s speech at the 1 st Global Ethical Finance Forum in Edinburgh on September 2, 2015.
There are 11 articles
The Year in Review: A Look Back at Viewpoints from 2015For the accountancy profession, 2015 was a forward-looking year. The need to attract and develop new talent, embrace rapidly changing technological trends, and demonstrate how the accountancy profession is playing a wider role in society were
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway | December 29, 2015
Ethics in Islamic Finance: Embracing Duties and Consequences in the Post-Crisis EnvironmentThis three-part article was adapted from Mr Ahmed’s speech at the 1st Global Ethical Finance Forum in Edinburgh on September 2, 2015.
by Jaseem Ahmed, Secretary General, Islamic Financial Services Board | October 19, 2015
How Islamic Finance Facilitates Green InvestmentIslamic finance is beginning to provide investors with green financing initiatives, initiatives that have similarities and differences with their Western counterparts.
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway | March 23, 2015
News and Resources
There are 500 news/resources
The Accounting and Auditing Organization for Islamic Financial Institutions
Accounting and Auditing Organization for Islamic Financial Institutions - January 1, 2015
Recent AAOIFI Developments
IAS Plus - May 11, 2017
Industry Body AAOIFI Plans Standards for Islamic Endowments
Reuters - April 21, 2017
Islamic Finance Aims for Easier Sukuk Investment with Proposed New Standards
Reuters - March 23, 2017
GCC Banks Increasingly Keen to Deploy FinTech
Khaleej Times - February 21, 2017
Islamic Finance Sees Big Growth in Europe
Arab News - February 1, 2017
CPEC Likely to Unleash Potential of Islamic Finance Schemes
Pakistan Observer - January 13, 2017
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