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.
There are 155 articles
Guide to Using ISAs in the Audit of SMEs, Fourth EditionDawn McGeachy, Accounting & Assurance Partner at Colby McGeachy Professional Corporation and IFAC Small and Medium Practices Committee member, provides an update on the Guide to Using ISAs in the Audit of SMEs, Fourth Edition .
by Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | October 9, 2018
Your Brand Has Value. Time to Realize Its Tangible Benefits!You’ve worked hard to earn your professional qualification and build and grow your own practice—but when did you last pause to review your firm’s brand?
by George Willie, Managing Partner, Bert Smith & Co. and Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC | August 10, 2018
Resource Roundup: Implementation Support for Small- and Medium-Sized PracticesAre you a practitioner working with a small or medium-sized firm—IFAC has an extensive suite of implementation support to assist you with the effective and efficient application of international standards.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | August 1, 2018
Three Ways to Effectively Manage Fee PressureKey factors for firms to effectively manage fee pressure relate to the client relationship, quality and expertise provided and utilizing technology.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Wassim Khrouf, Partner, Auditing and Consulting Worldwide & IFAC SMP Committee Member | July 24, 2018
Small Practices: Embrace Technology, Secure Your FutureTom Hood, Executive Director & CEO at Maryland Association of CPAs, shares insights on what technologies SMPs need to embrace today in order to be future ready.
by Tom Hood, Executive Director & CEO, Maryland Institute of CPAs | July 16, 2018
News and Resources
There are 1856 news/resources
Three Ways Small Firms Can Turn Challenges into Opportunities
AICPA - October 12, 2018
Building a Public Practice from the Ground Up
In the Black - October 5, 2018
The (Un)certain Future for Small Advisory Firms
Advisor Perspectives - September 24, 2018
Making Your Firm Future-Proof
Public Accountant - September 6, 2018
Navigating the Minefield of Succession Planning
ICAS - August 16, 2018
Use Data Analytics to Deliver Distinctive Experiences to Your Accounting Clients
In the Black - August 13, 2018
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