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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. Read More
Survey results and global evidence demonstrate that advisory and consulting services are important to future practice growth for SMPs—but what types of services are most in demand and what does it mean for the future of SMPs? Read More
Joel Sinkin, an expert in mergers and acquisitions in accountancy discusses what goes into the valuation of a firm. Read More
Accountants Moderately Optimistic about 2016: A Comparison of Global vs German IFAC SMP Survey Results
by Annette Schmid, Web Editor, Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW) | July 6, 2016 |
IFAC SMP Committee member compares global IFAC SMP Survey results to those from Germany. Read More
Preparing for a Merger or Acquisition: Consider Any Changes Carefully
by Joel Sinkin, President, Transition Advisors, LLC | July 5, 2016 |
Changes before a merger or acquisition—even when more than a year away from an M&A—should be considered carefully in light of your anticipated future. Read More
Finding Talent, Keeping Talent
by George Willie, Managing Partner, Bert Smith & Co., Mats Olsson, IFAC SMP Committee Member and Partner, Adrian & Partners AB, Monica Foerster, Deputy Chair, IFAC SMP Committee and Robyn Erskine, Partner, Brooke Bird | June 27, 2016 |
SMPs must address the challenge of finding high-quality staff as well as retaining them for the long-term. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC