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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
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
Common Risks for Accounting Mergers and Acquisitions
by Joel Sinkin, President, Transition Advisors, LLC | June 22, 2016 |
The structure of a merger or acquisition must reflect potential risks, according to Joel Sinkin, an expert in mergers and acquisitions in accountancy. Read More
Buyer and Seller Perspectives on Small- and Medium-sized Practices
by Joel Sinkin, President, Transition Advisors, LLC | June 13, 2016 |
The attractiveness of acquiring or merging with an accounting practice is based on a variety of factors for both buyers and sellers. Read More
Accountancy Mergers & Acquisitions: Timing and Market Conditions
by Joel Sinkin, President, Transition Advisors, LLC | May 30, 2016 |
In mergers and acquisitions, timing is important but not generally based on economic drivers according to Joel Sinkin, an expert in mergers and acquisitions in accountancy. Read More
Insights from 2015 IFAC Global SMP Survey: Size Matters
by Antoni Gómez, IFAC SMP Committee Member | May 16, 2016 |
The 2015 IFAC Global SMP Survey indicates that changes in technology, globalization, competition, and regulation are together making business more and more complex. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC