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IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- 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
This Information Paper examines the basics of the what, why, and how of cloud computing for accountants working in small- and medium-sized practices (SMPs). It addresses potential benefits and pitfalls (including regulatory issues) of cloud computing to help SMPs remain relevant for their clients, which are mainly small- and medium-sized entities (SMEs).
4 Ways Accountants Can Get More Out of Social Media
September 15, 2016 - Journal of Accountancy
Social media presents risks and opportunities for CPAs. This article explores four approaches for establishing, developing and sustaining a successful social media strategy.
The smaller practices have great, exciting opportunities ahead, but they need the recognition, desire and ability to go after these opportunities.
Coaching vs. Mentoring
September 7, 2016 - Accounting Today
What human resources professionals at top-performing CPA firms have to say.
This publication discusses and debates the forces that will impact the professions in the future. With contributions from academics, policy makers and practitioners, it explores how the traditional and highly valued role of professional associations is being disrupted and how associations that resist change will be bypassed and transcended.
How to Keep Clients after an Accounting Practice Sale
September 1, 2016 - Journal of Accountancy
Buyers and sellers both must play leading roles to ensure a smooth transition and maximize retention.
Got a Few Challenging Clients?
August 22, 2016 - Journal of Accountancy
Here are several tips for dealing with tricky situations.