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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
This guide provides assistance to not-for-profit entities that may wish to prepare reports on the basis of the International Financial Reporting Standard for small and medium-sized enterprises.
New FEE paper puts forward ideas for corporate reporting to evolve in a way that will keep pace with the developing economic reality and address the needs of a wider stakeholder audience.
Learn about expert insights into the future of reporting.
Annual Report Insights 2015—The Reporting Landscape
October 7, 2015 - IAS Plus
The publication examines how companies have dealt with the latest corporate reporting challenges, including the narrative, corporate governance and financial elements, identifying new innovations and highlighting industry better practice as a take away for preparers of annual reports to consider.
The report proposes a global and country specific roadmaps for ESG integration for institutional investors, financial intermediaries and policymakers.
The purpose of this report is to support all exchanges in their work to enhance transparency in their markets. Investors and companies increasingly look to exchanges to help support more sustainable markets, yet less than 1/3 of exchanges offer guidance on reporting ESG considerations.
An essential element of capitalism is corporate reporting. Today’s capitalism is supported by financial reporting. Critics of today’s capitalism argue that it is too short-term oriented and rewards companies for creating negative externalities. Integrated reporting can play an important role in changing this since it is focused on the material issues that affect a company’s ability to create value over the short, medium, and long term.
- FASB Study Delays Proposal on Liabilities, Equity Accounting
July 25, 2016 - BloombergBNA
- New IFAC Research Report Demonstrates Positive Association between Business Performance and Use of Accountants
July 22, 2016 - IFAC
- How to Tackle Implementation of Multiple High-Profile Accounting Standards
July 14, 2016 - Journal of Accountancy
- IASB to Focus on Communication Effectiveness of Financial Statements
July 12, 2016 - CFO Innovation
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Types of Resources