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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 Carla M. McCall, Co-President Alexander Aronson Finning CPAs | December 1, 2014 |
Carla M. McCall, Co-President Alexander Aronson Finning CPAs, provides insights into some of the features that make for a winning corporate culture. Read More
Growing Your Practice: Agreed-Upon Procedures Engagements
by Dawn McGeachy, IFAC SMP Committee Member & Chair of the Implementation Guidance Task Force and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | October 28, 2014 |
Recognizing that agreed-upon procedures engagements have the potential to be an attractive and fast-growing service offering to SMEs, the IFAC SMP Committee is interested in how these engagements are being performed under ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information. Read More
The Evolution of an Accounting Practice: The Impact of Technology
by Giancarlo Attolini, Chair, IFAC SMP Committee and Paul Thompson, Director, Global Accountancy Profession Support | September 24, 2014 |
IFAC SMP Committee Chair Giancarlo Attolini interviews five committee and IFAC Board members on the technologies that have and will most impact them. Read More
Carbon Accounting for Small Businesses: How Accountants Can Help Everyone Be Greener
by David York, Head of Auditing Practice, ACCA | September 24, 2014 |
New guidance from the ACCA is intended to help accountants advise SMEs on how to establish and operate carbon accounting. Read More
How Accounting Practices Can Support the Globalization of Small Business
by Stuart Black, IFAC SMP Committee Member and Paul Thompson, Director, Global Accountancy Profession Support, IFAC | August 19, 2014 |
Small businesses are going global, and their accountants can help them on the journey; a look at recent surveys and trends, plus nine recommendations to help accountants enhance their ability to provide international services. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC