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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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Digital media have made even more vital the role of the ‘rainmaker’ – the accountant who can draw new clients into the practice.
Most accountants have the tools required to become far more relevant to the business community. They’re just not sure how to use them.
On the road again? Rather than map out your business trip yourself, travel industry experts maintain it saves dollars and makes sense to seek professional help.
To sign up customers, accountants need to identify the unique qualities that clients value and that they can deliver.
Customers expect their accountants to know what accounting software they should be using – so it’s time to test how the software will perform for your clients’ businesses.
‘Blended practices’ bring accountants and finance professionals together in one firm. Their gradual spread is starting to deliver management lessons.
Practice management software has been a substantial cost for accounting firms. Now, cloud software vendors have started giving it away. Can it last?