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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.
|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
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Creating Value with Integrated Thinking
June 3, 2016 - IFAC
This thought paper helps facilitate the contribution of professional accountants to integrated thinking—and help align capital allocation, corporate behavior, financial stability, and sustainable development.
Management accounting professionals can use the SMA as a resource to see how leading companies are putting the guiding principles of integrated reporting into practice and learn the various content elements of an integrated report.
What Should Be Disclosed about Estimation Uncertainty?
April 29, 2016 - CPA Canada
As a preparer, this briefing will provide you with important considerations to enhance the usefulness and quality of your disclosures about estimation uncertainty.
This publication examines seven important areas of annual reporting and makes recommendations that will improve the quality of corporate information provided. These recommendations offer practical guidance for those involved with annual reports.
This report highlights the Auditor General’s views on setting financial reporting standards for the public sector.
This report discusses the status of the adoption of international standards in the United States and around the world and addresses some of the unique considerations you should be aware of when performing audits under international standards.
Make sure your accounting and reporting systems are up to date with this year-end roundup reporting alert that summarizes 2015’s major accounting standards, interpretations, and annual improvements.
- The Drive for Disclosure: What Matters and What Doesn’t
June 24, 2016 - Environmental Leader
- US FASB Issues New Guidance on Accounting for Credit Losses
June 17, 2016 - FASB
- US SEC Accountant Urges Vigorous Pursuit of Revenue Questions
June 17, 2016 - BloombergBNA
- Sovereign Debt Rule Changes Threaten EU Bank Finances
June 8, 2016 - Financial Times
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