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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
This article looks at the tough challenges accounting firms should prepare for to make for smooth succession planning.
This article summarizes findings from an in-depth report that claims the global accountancy profession will be impacted significantly by 10 technology trends.
Use Year-End to Take a Client's Financial Temperature
October 12, 2013 - Reuters
This article looks at how some financial advisory firms gauge overall client satisfaction by sending out a year-end survey that includes pointed questions such as whether their promises were fulfilled and the ways the firm's service can be improved.
This article says accounting firms should consider using a new approach to pricing that determines the value of the services provided from the perspective of the buyer.
This article argues that accounting firms should be billing what theyre worth and that raising prices isnt as hard as one might think.
This article explains that when accounting firms go about establishing a fair price for their services, pricing experts argue it should be more about value for money.
When it comes to establishing a fair price for your services, it should be more about value for money, say the pricing experts. - See more at: http://pubacct.org.au/when-the-price-is-right-2/#sthash.vTnt8Cx4.dpuf