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||
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. See the full overview.
Information and best practice tips to help small- and medium-sized practices attract new clients, identified in the IFAC Global SMP survey as one of the top challenges firms face.
There are 115 articles
Where Machines Could Replace Accountants—and Where They Can't (Yet)Technology poses a threat to the accountancy profession as automation could replace much of the work accountants do, according to experts—the profession must accelerate its move into tasks and activities less susceptible to automation such as...
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | September 6, 2016
Technology: A Strategic Opportunity to Strengthen the Accountancy ProfessionEmerging technology, and the challenges it brings to organizations and industries, presents many possibilities for the accountancy profession, according to IFAC President Olivia Kirtley.
by Olivia Kirtley, Past President, IFAC | August 23, 2016
Tomorrow’s Firm—Think Big, Think AdvisoryFor many practitioners the busy season is over and it’s time to relax and reflect — reflect on what the future holds for our great profession and consider whether, and if so how, to grow the firm. This future might rest in building advisory and...
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | August 22, 2016
When Should You and Your Practice Start to Plan Your Succession?When planning for a succession, owners and managers of accounting practices must consider the extent to which they personally interact with clients, says Joel Sinkin, an expert in accounting mergers and acquisitions.
by Joel Sinkin, President, Transition Advisors, LLC | August 15, 2016
News and Resources
There are 1777 news/resources
Drivers of Change: Navigating the Future
CPA Canada - June 14, 2017
Review Engagement Practitioner Client Briefing
CPA Canada - June 13, 2017
How to Implement Value-Based Billing
In the Black - June 9, 2017
Digital Is Transforming Accounting Firm Consulting
Accounting Today - June 8, 2017
How to Attract Talent to Your Accounting Practice
In the Black - June 8, 2017
The Ascent of Digital
ACCA - June 6, 2017
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