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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||
The importance of sustainability and corporate responsibility continue to gain recognition; indeed, organizations that embrace sustainability can enhance their reputation with stakeholders and their value. The intersection of business and sustainability has three key dimensions: economic viability, social well-being, and environmental responsibility. Accountants work in this area to help embed sustainability factors into an organization’s strategy and decision-making processes to achieve sustainable value creation. Read More
by Paul Thompson, Director, Global Accountancy Profession Support, IFAC | August 22, 2014 |
Small- and medium-sized entities (SMEs) might think that sustainability is only relevant to large companies—that for a small business, the administrative and financial costs outweigh the benefits. Moreover their accountants will tell you it is a hard sell getting SMEs to embrace sustainability. However, SMEs that integrate sustainability into their core business strategy can benefit from lower costs, reduced risk, and new opportunities. And their accountants, typically operating in small- and medium-sized practices (SMPs), can play a key role in their journey. Read More
Lasting Legacy or Long-Term Liability? Is It Only a Numbers Game When Hosting Major International Tournaments?
by Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | July 9, 2014 |
Assessing the economic impact of hosting a major international tournament involves a wide range of factors. In many instances, the costs exceed original expectations and highlight the importance of sound budgeting, monitoring, financial management, and consideration for issues of sustainability. Read More
The Climate Disclosure Standards Board’s proposals for boundary setting in reporting are of practical assistance to professional accountants as they cover boundary setting for non-financial reporting purposes generally as well as for climate change or environmental reporting purposes. Read More
Of Scenarios and Accountants: The Importance of Scenario Analysis for Organizations
by Eli R. Khazzam, Editor-in-Chief, IFAC Global Knowledge Gateway and Vincent Tophoff, Senior Technical Manager, IFAC | June 23, 2014 |
Professional accountants can play a key role in risk management by engaging in scenario analysis exercises. They can use scenario analysis to improve the efficient management of resources, corporate governance, and the facilitation of information. Read More
The Societal Importance of Cost Accounting Standards Issued by the Institute of Cost Accountants of India
by Rakesh Singh, Chairman, Cost Accounting Standards Board, Institute of Cost Accountants of India | June 17, 2014 |
Cost accounting standards promote uniformity and consistency through the integration, harmonization, and standardization of the different principles and practices previously in use. Read More
- SASB Announces Data Provider Partner Program
July 16, 2015 - Sustainability Accounting Standards Board
- IIA Urges Greater Assurance on Reporting Environmental and Social Impacts
July 14, 2015 - Accountancy Age
- Sustainability: Framework Wars
July 10, 2015 - The Accountant
- CDSB Framework Launched
July 6, 2015 - Climate Disclosures Standards Board
- 2014 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
October 8, 2014 - International Auditing and Assurance Standards Board
- Project and Investment Appraisal for Sustainable Value Creation
August 14, 2013 - IFAC
- Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
- GRI Reporting Framework (G4)
January 1, 2013 - Global Reporting Initiative