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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||
High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | July 18, 2016 |
The launch of the Natural Capital Protocol should spark professional accountants to help businesses respond to natural capital impacts and dependencies—the sustainability of organizations, economies, and societies depends on it. Read More
Big Government, Small Government—Both Need to Get the Accounting & Transparency Right
by Ed Balls, Former UK Shadow Chancellor of the Exchequer & Senior Fellow, Harvard Kennedy School | July 7, 2016 |
Former UK Shadow Chancellor of the Exchequer Ed Balls on the important role accounting plays in earning and keeping the public’s trust in the public sector. Read More
This article provides a series of arguments to counter the logic behind recent initiatives in the EU toward greater transparency in country-by-country reporting of tax for large multinationals. Read More
Integrated Reporting and Climate Change: A Perfect Marriage
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | May 27, 2016 |
Part of the climate risk problem is rooted in the age-old problem of transparency—but this is a problem integrated reporting, combined with integrated thinking, is designed to fix. Read More
New Bottle, Old Wine? Six Capitals Framework Will Require Trade-offs
by Nick A. Shepherd, President, EduVision | April 8, 2016 |
The International Integrated Reporting Committee’s new reporting framework challenges organizations to move beyond financially-focused corporate reporting to a broader model based on six capitals—will it bring changes to management and investor decision making for resource allocation? Read More
- Accounting under the New UK GAAP for Loans from Directors Who Are Also Shareholders
October 14, 2016 - ICAEW
- 10 Years On, Are International Standards Helping Financial Reporting?
October 12, 2016 - In the Black
- New Lease Accounting Standard Proposed for Federal Entities
September 28, 2016 - Journal of Accountancy
- International Accounting Board Amends Insurance Standard
September 14, 2016 - BloombergBNA
- Integrated Reporting PAO Network
June 16, 2016 - IFAC, IIRC
- Developing and Reporting Supplementary Financial Measures—Definition, Principles, and Disclosure
September 22, 2014 - IFAC
- IIRC Framework: International <IR> Framework
September 18, 2014 - IIRC
- 2014 Handbook of International Public Sector Accounting Pronouncements
June 23, 2014 - International Public Sector Accounting Standards Board
- Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
- International Financial Reporting Standards
January 2, 2013 - IFRS Foundation