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. See the full overview.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 6, 2017
IFAC recently issued a policy position on integrated reporting highlighting the need for a single report providing a fuller picture of an organization’s ability to create value over time, and greater interconnectedness between different reports.
There are 137 articles
Confidence in Non-Financial Information Next FrontierA lack of confidence in non-financial information is hindering its utility for users assessing an organization’s performance and potential for long term value creation—using their knowledge of management and process control, professional...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | November 28, 2017
Participatory Budgeting: What Do Citizens Want?Since its birth in Porto Alegre, participatory budgeting, that is, the process through which citizens are actively involved in allocating a portion of budgetary resources, has attracted increased attention worldwide.
by Ileana Steccolini, Member, CIPFA Faculty Board, Professor of Accounting and Finance & Research Director, Newcastle University London and Maria Francesca Sicilia, Professor of Accounting and Finance & Research Director, Newcastle University London | November 20, 2017
Dividends: Under the MicroscopeThe recommendaions in the Financial Reporting Council’s Disclosure of Dividends – Policy and Practice —namely, to enhance dividend policy disclosures to ensure they are specific about the parameters and inherent flexibility of the approach taken...
by Thomas Toomse-Smith, Project Director, Disclosure Lab, FRC | October 23, 2017
Could Disclosing Climate-related Financial Information Become the New Normal?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.
by Laura Leka , Technical Manager, Global Accountancy Profession Support, IFAC | October 17, 2017
The Case for SMEs to Consider Integrated Thinking and ReportingThe benefits and opportunities for SMEs to consider both integrated thinking and integrated reporting, including better understanding, management and communication.
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | October 17, 2017
News and Resources
There are 2000 news/resources
2014 Handbook of International Public Sector Accounting Pronouncements
International Public Sector Accounting Standards Board - June 23, 2014
Global SAI Stocktaking Report 2017
INTOSAI Development Initiative - January 8, 2018
Creating Value: Benefits to Investors
IIRC - December 5, 2017
Directors' Guide for Financial Reporting
Chartered Accountants Australia and New Zealand - December 4, 2017
Upcoming Event: Corporate Reporting: Is It Heading in the Right Direction?
ICAEW - November 20, 2017
Viewpoints: Determining Technical Feasibility and Commercial Viability (Mining Sector)
CPA Canada - November 20, 2017
What Investors Ask about IFRS 17
IFRS Foundation - November 20, 2017
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