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 136 articles
The Budget Transparency Toolkit: The 5 Key Entry Points to Budget TransparencyThe 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.
by Ronnie Downes, Deputy Head, Budgeting & Public Expenditures, OECD | September 26, 2017
These Six Building Blocks Are Critical for Better Public Financial ManagementA wider strategic framework is necessary in managing the practical aspects of how governments can change from cash to accrual accounting.
by Sumita Shah, Regulatory Policy Manager, Public Sector, Institute of Chartered Accountants of England and Wales | September 25, 2017
Making Sense of MaterialityThe 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,...
by Hans Hoogervorst, Chairman, International Accounting Standards Board | September 25, 2017
Five Key Methods to Improve Public Financial AccountabilityThere is increased awareness of the crucial need for better performance and greater accountability in public financial management (PFM) systems around the globe.
by Ian Ball, Chairman, CIPFA International | August 14, 2017
News and Resources
There are 1995 news/resources
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
IASB: New Guidance on Disclosures
ACCA - October 23, 2017
The Sustainable Development Goals, Integrated Thinking and the Integrated Report
ICAS, IIRC - October 10, 2017
Accounting and Business - October 6, 2017
Brexit: Implications for Financial Reporting
ICAEW - October 5, 2017
The Rise of Integrated Reporting
Chartered Accountants Ireland - October 3, 2017
Core & More: An Opportunity for Smarter Corporate Reporting
Accountancy Europe - September 22, 2017
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