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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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How do you decide how much services are worth? By time spent? The professional skill required or by the weight of paperwork involved?
If you haven’t thought about what will happen to your practice when you’re ready to step down, it’s time to ask some searching questions.
A survey among entrepreneurs reveals that accountants still play the trusted adviser role, but there are opportunities for those who use their initiative.
As anyone who knows me will confirm, I am passionate about enterprise and especially about supporting the UK’s growing ranks of entrepreneurs and start-up businesses.
Accountants who aspire to lead their firm must remain close to clients, according to Professor Laura Empson.
Accountancy firms are sitting on an incredibly rich source of data to collect, process and analyse both for the benefit of clients and for their own professional and business development purposes.