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IFAC FOCUS AREAS
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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.
|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
by Daniel Kroes, President, of the Belgian institute of Registered Auditors; Audit Partner, Deloitte Bedrijfsrevisoren | April 20, 2015 |
Hiring a registered auditor when acquiring an SME can help to reduce obstacles and increase the success of the acquisition, according to recent insights from the Belgian Institute of Registered Auditors (IBR-IRE) Congress, “Acquisitions (Transfer and Takeover) of SMEs: Approach, Risks, and Valuation.” Read More
The 2014 IFAC Global SMP Survey found a number of challenges facing SMPs and their SME clients, and highlighted key factors in the rapidly changing business environment to which accountants will need to adapt. Read More
Quality Control in Accounting Practices—What Are the Specific Issues?
by Christopher Arnold, Technical Manager SME & SMP Affairs, IFAC and Sara Ashton, Senior Technical Manager, IAASB | March 19, 2015 |
The IAASB has issued a survey to inform the scoping of its quality control project, specifically with respect to issues encountered by small- and medium-sized practices (SMPs) in complying with the requirements of ISQC 1 and ISA 220. Read More
Perspectives on Strengthening Small- and Medium-Sized Practices (SMPs): Part Four
by Giancarlo Attolini, Chair, IFAC SMP Committee | February 23, 2015 |
Part Four of the nine-part video series: IFAC SMP Committee Chair Giancarlo Attolini offers an international outlook on the importance of networking in building and cultivating relationships between SMPs and SMEs. Read More
Perspectives on Strengthening Small-and Medium-Sized Practices (SMPs): Part Three
by Giancarlo Attolini, Chair, IFAC SMP Committee | February 11, 2015 |
In Part Three of a nine-part video series, IFAC SMP Committee Chair Giancarlo Attolini discusses new service offerings firms can provide to their SME clients. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC