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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.
|Global Knowledge Gateway||
To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. Read More
To address challenges such as competition and pricing—and benefit from related opportunities—practices must broaden their services, particularly in the area of advisory, that are key to the sustainable success of their clients. Read More
Why International Valuations Standards Matter to SMEs Now More Than Ever Before
by April Mackenzie, Advisor to the Board of Trustees, IVSC | June 29, 2015 |
Global standards are more important than ever before and it is critically important to build valuation expertise and capacity through application of consistent standards and, importantly, to continue to develop a globally respected valuation profession that will provide support to companies of all sizes and help drive the global economy. Read More
As pressures have long been increasing for companies across all industries to form or join alliances, accounting practices might learn something by looking outside the profession. Read More
Perspectives on Strengthening Small- and Medium-Sized Practices (SMPs): Part Seven
by Giancarlo Attolini, Chair, IFAC SMP Committee | June 1, 2015 |
In Part Seven of the nine-part video series, IFAC SMP Committee Chair Giancarlo Attolini shares his ideas on staff development and technological awareness. Read More
Accountants as Partners in Crime Prevention & Reporting
by Samantha McDonough, Professional Standards Support Manager, Chartered Institute of Management Accountants | May 21, 2015 |
Samantha McDonough shares some key corruption indicators that can help accountants capitalize on their ability to spot anomalies or irregular activity through their preparation of financial information to help prevent and report crime. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC