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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
Most firms do some sort of value pricing and that is when a fee is determined in advance with the client - here is a descriptive checklist to use as a guide
Here are a collection of easy things you can do to start building positive relationships with new and existing clients.
This three-part series of articles by Ronald J. Baker were excerpted, and adapted, from his latest book,Implementing Value Pricing: A Radical Business Model for Professional Firms.
Last in a series: The when, what, and how of making sure everything checks out in a merger.
Many accounting firms believe that in order to generate as much business as possible, they must be generalists. They may prefer to focus on a handful of industries or offer a narrower range of services, but they worry that doing so will cost them revenue and financial security
Spending time on these key areas will help firms make the most out of the second half of the year.
Firm leaders weigh many considerations during the due-diligence, negotiation, and integration phases of a successful merger or acquisition. One of the most important considerations is the professional liability risk that can arise from combining with another firm. This column identifies those risks and recommends how to address them.