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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
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What’s in a niche? Small firms offer personalized services designed to meet client needs, but they may find themselves stretched if they try to be all things to all people.
A closer look at some of the things that are keeping you up could actually help you find new ways to address the challenges that you and your firm face.
Grow your business by setting yourself apart.
With the right attitude and education, organizations can reduce their risk of being hacked.
Online resource to help your firm prepare for a successful journey into the future. This e-toolkit will help you find your way through the latest trends on the horizon while embracing generational differences and continuing to meet client needs and expectations.
Don’t neglect your new practice’s most important asset.
This Small Firm Solutions article provides tips for addressing these issues, including developing a practice continuation agreement, streamlining client rosters and training younger staff with leadership potential.