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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
CCH Small Firm Services President Jason Marx talks about the challenges that are confronting small accounting firms, including regulatory and tax compliance, technology adoption, and do-it-yourself software, in an interview with Accounting Today editor-in-chief Daniel Hood.
This article presents three ideas to raise the value of soft skills in accounting firms.
This article explains that clear rewards and consequences must be established at the beginning of the goal-setting process.
This article provides 12 metrics accounting firms can use to evaluate performance, in particular, measure their reach with clients and provide insight into how well processes already in place are helping to identify opportunities with clients.
This paper reports on the findings of a CIMA-sponsored study of the management accounting practices of SMEs. Contributors to the management accounting literature have suggested that failure or underperformance of SMEs is often due to their failure to utilise appropriate management accounting tools.
Presentation featuring IFAC SMP Committee Chair Giancarlo Attolini at CReCER 2013 on: the importance of SMEs and SMPs; the IFAC SMP Quick Poll; the role of the IFAC SMP Committee; and the committee's implementation guides.
This article sets out eight steps to help increase the odds of effective implementation and deployment of technology in an accounting firm.