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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
In today’s accounting profession, processes that used to rely on reams of paper and shoeboxes full of receipts now rely on client portals and electronic workflow tools.
Start by promoting the right people to be managers.
Hiring a CFO could help you take your business to the next level and enjoy more profitability than ever before. So the question is, how do you know if you should hire a CFO?
What’s the best way to protect oneself from becoming the “bad guy” in a lawsuit by a client?
Diversity and inclusion are more than just busszords or boxes to check. Millennials believe they are essential to business success.
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.
Taking control of your clients accounting presents enormous opportunities for firms in public accounting.