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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
Intuit director of product marketing Samir Khosla describes how accounting is changing in the years ahead through the cloud, mobile technology and globalization, in an interview with Accounting Today editor-in-chief Dan Hood.
The "cloud" is not just a buzzword—it's the way accounting is moving. Those who can successfully start and run a cloud accounting practice are at an enormous advantage. Have you ever thought about starting one but don’t know where to begin?
An effective way to insulate your accounting practice from pricing pressures is to develop deeper relationships with your clients. Clients want to do business with trustworthy, transparent accountants whom they like and who genuinely understand them.
Bruce Madnick, managing partner of Friedman LLP, discusses why the firm has won awards for work/life balance and employee satisfaction.
Client testimonials are the next best thing to a direct referral
A traditional firm, one with an office and a hierarchy switches to a digital practice where there are no managers.
May 1, 2014 - Journal of Accountancy
Firms should start early to nurture business development skills in young CPAs.