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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
No matter where your firm is in its business life cycle, it’s never too early to begin succession planning.
Guidance on the importance of Quality Control with a panel of experts focusing on firm and engagement quality indicators, common quality control deficiencies and promoting a culture of quality.
If your organization is using the same software that you have used for more than 20 years, that may be OK, or it could be a productivity drain.
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.
Q&A session with author and consultant Ron Baker, an unabashed value-pricing champion, for a conversation that provided an in-depth look at the work firms need to do to quote clients an upfront price, including the questions CPAs should ask clients during their initial meetings.
First in a three part series that will attempt to provide context to how and why the world of business development is changing forever in the field of public accounting.
Ambitious, educated, and tech-savvy, Millennial women make ideal employees. Win them over with flexibility and clear paths to advancement.