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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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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
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In a world of annual reports so bloated that they undermine understanding, less really can be more if you fight the info-flab by presenting corporate data more visually.
How does the market know which SMEs are creating value? And how do the SMEs themselves know that they have created value for their stakeholders?
A collection of various developments worldwide on environmental and social reporting requirements by regulatory bodies and stock exchanges. This report is intended to track and give a sense of some of the most important CSR disclosure initiatives around the world.
The FASB announced that the U.S. Securities and Exchange Commission adopted the 2015 GAAP Financial Reporting Taxonomy.
Brad Monterio, Managing Director of Colcomgroup and Vice Chair of IMA’s Technology Solutions & Practices Committee, discusses Integrated Reporting and what small business owners should expect for the future.
Reading Financial Statements: What Do I Need to Know? FAQ
February 25, 2015 - CPA Canada
Find answers to key questions about financial statements.
- Indian Companies not yet Ready for Transition to New Accounting Standards
May 20, 2015 - The Hindu Business Line
- IFRS Foundation Responds to EC's Green Paper and Advocates for IFRS in a Capital Market Union
May 13, 2015 - IAS Plus
- AICPA Debuts Not-for-Profit Section
May 12, 2015 - Accounting Today
- US PCAOB Broadens Outreach to Audit Committees
May 8, 2015 - Accounting Today
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