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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
Provides guidance to small- and medium-sized practices on how to better manage their practice and ultimately operate in a safe, profitable, and professional manner. The publication includes practice management principles and best practices on a comprehensive range of topics, including strategic planning, managing staff, client relationship management, and succession planning.
How Artificial Intelligence Will Impact Accounting
October 26, 2016 - Economia
Artificial intelligence is expected to eliminate many process-driven accounting tasks, but it will also allow accountants to focus more on strategic improvements.
5 Tips for Becoming a Firm of the Future
October 26, 2016 - AICPA Insights
Firms today are looking to strike a balance between growing their practice to keep up with changing times and maintaining the winning attributes that earned them their reputations. Learn how a few strategic moves can help firms embrace change while maintaining their excellence.
New Platform Launched to Offer Free Tools for Entrepreneurs
October 26, 2016 - AAT
A new free online platform with tools and resources for people running a small business has been launched. Powered by AAT, the platform is called Informi. Informi is designed to be the one-stop online community for a small and medium-sized enterprise (SME) owner’s business needs.
Small Company Boards: Questions for Potential Advisors and Directors
October 26, 2016 - CPA Canada
This publication aims to help you understand the role of an advisory or fiduciary board when considering joining the board of a small organization.
This guide takes you through the practical steps you need to turn your practice into a niche firm.
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).