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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.
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The International Public Sector Accounting Standards Board® (IPSASB®) develops International Public Sector Accounting StandardsTM (IPSASTM), accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. The IPSASB also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSAS. The IPSASB’s "A Closer Look at:" series explores individual governments and the challenges and benefits each has faced in adopting accrual accounting and IPSAS.
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This Strategy of the International Public Sector Accounting Standards Board (IPSASB) covers the period from 2015 forward and was developed after consultation with stakeholders.
It will guide the IPSASB’s activities from 2015 forward so that the IPSASB can fulfill its public interest mandate.
Nigerian President Promotes Use of IPSAS at ANAN Conference
Opening the 2015 Annual National Conference of the Association of National Accountants of Nigeria (ANAN), President Muhammadu Buhari stressed the need for prudent management of public funds by accountants and other public servants.
He also urged the accounting profession "to partner with the government in instituting a system which is performance-focused and sensitive to the best professional standards in revenue mapping and capturing."