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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
Survey asked SMPs questions about the challenges they face, the market factors and technologies most likely to affect them in the future, the consulting services they provide, and their performance, both in 2014 and projected for the year ahead. In addition, respondents were asked about their SME clients, including questions around the challenges they face, exposure to financial crimes, access to finance, and the extent of their international operations. The report includes a summary of overall insights and notable highlights by region and size of practice.
Grant Thornton Releases Global Business Relocation Guide
March 23, 2015 - Accounting Today
Grant Thornton has issued a document describing the advantages of relocating businesses to other countries, including their tax profiles.
In this article, the first in a series of three, Finola McManus, founder of Practice Perfect, examines the key questions and initial planning tips that will make your exit as graceful and seamless as possible.
Experts are increasingly urging accounting firms to dump the billable hour. Explore the nuts and bolts of switching to value pricing.
Outsourced CFO/controller and consulting offer great opportunities for practice growth, says firm consultant Jennifer Wilson of ConvergenceCoaching LLC.
Client accounting services is the next best thing for the profession.
Be crystal clear about the details to ensure your agreement is airtight.