by Hans Hoogervorst, Chairman, International Accounting Standards Board | September 25, 2017
The accounting concept of materiality means that only information that is important to investors needs to be included in the financial statements. Information about trivial matters can be excluded. Even though this sounds straightforward,...
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Could Disclosing Climate-related Financial Information Become the New Normal?
by Laura Leka, Technical Manager, Global Accountancy Profession Support, IFAC | October 17, 2017
Climate change disclosures in corporate reports are common but the link to financial implications, both current and of the future, is still often missing in reporting.
How Does PEFA Stimulate Better Public Financial Management?
by Lewis Hawke, Head of PEFA Secretariat | October 10, 2017
The Public Expenditure and Financial Accountability program has become the global standard for PFM performance assessment and a template for developing diagnostic tools.
Transforming Challenges into Opportunities: Competition
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Mats Olsson, IFAC SMP Committee Deputy Chair and Partner, Adrian & Partners AB | October 3, 2017
Information and best practice tips to help small- and medium-sized practices address competition challenges, one of the top global challenges per the IFAC Global SMP survey.
The Budget Transparency Toolkit: The 5 Key Entry Points to Budget Transparency
by Ronnie Downes, Deputy Head, Budgeting & Public Expenditures, OECD | September 26, 2017
The OECD’s new Budget Transparency Toolkit serves as a guide to navigating the various standards on budget transparency, and as an aid to orientation and action within this busy landscape.
An SMP Perspective on Proposed Changes to the IESBA Code of Ethics
by Johnny Yong, Technical Manager, Global Accountancy Profession Support, IFAC and Robyn Erskine, Partner, Brooke Bird & SMP Committee Ethics Task Force Chair | September 25, 2017
Given recent proposals from the International Ethics Standards Board for Accountants with potential changes for the Code of Ethics for Professional Accountants, small- and medium-sized practices need to start preparing for some of the more...
Caribbean Accountancy: Staying Ahead of the Curve
by Dana Jensen, Assistant Technical Manager, Quality & Development, IFAC and Misha Lobban Clarke, Chief Executive Officer, Institute of Chartered Accountants of the Caribbean | September 25, 2017
What does a future ready professional accountancy organization (PAO) look like?
These Six Building Blocks Are Critical for Better Public Financial Management
by Sumita Shah, Regulatory Policy Manager, Public Sector, Institute of Chartered Accountants of England and Wales | September 25, 2017
A wider strategic framework is necessary in managing the practical aspects of how governments can change from cash to accrual accounting.