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 | July 18, 2016
The launch of the Natural Capital Protocol should spark professional accountants to help businesses respond to natural capital impacts and dependencies—the sustainability of organizations, economies, and societies depends on it.
There are 105 articles
Know Your BoundariesThe Climate Disclosure Standards Board’s proposals for boundary setting in reporting are of practical assistance to professional accountants as they cover boundary setting for non-financial reporting purposes generally as well as for climate...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 23, 2014
It’s Not Really about Bitcoin, It’s about ChangeThe accountancy profession plays an important role in promoting the growth of economies and the efficient operation of markets. In these times of rapid technological change, we should also be key players in the financial innovation taking place...
by Fayez Choudhury, Chief Executive Officer, IFAC | June 10, 2014
When Does the Climate Risk Tsunami Arrive?Shell and ExxonMobil recently released reports for shareholders on climate change and carbon asset risk—they show the potential influence of concerted shareholder activism and indicate sophisticated management accounting practices underlying...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | May 28, 2014
Five Ways CFOs Can Support Better Management of Natural CapitalNatural capital—forests, air, rivers, minerals, oceans, land—is the bedrock of life and underpins all other forms of capital, including financial. Society, economies, and businesses rely upon this natural capital for survival. But do businesses’...
by Sandra Rapacioli, Head of Sustainability Research and Policy, Chartered Institute of Management Accountants | May 20, 2014
It's Time for Sovereign Governments to Practice What They PreachPolitical leaders and regulatory agencies in various countries and supra-national entities spend a lot of time focusing on the need for quality financial reporting by public companies.
by Hon. David M. Walker, Former US Comptroller General | May 20, 2014
News and Resources
There are 1952 news/resources
The Right Way to Think about Non-GAAP Measures
Accounting Today - August 30, 2016
China MOF Now a Member of IFRS Foundation Monitoring Board
CFO Innovation - August 30, 2016
SEC Asks for Comments on Disclosure Simplification
Journal of Accountancy - August 29, 2016
Firms Say Goodbye to Prettied-Up Financial Reports
Wall Street Journal - August 29, 2016
IFAC Interactive Tool Profiles Accounting Rules in Member Countries
CCH Daily - August 26, 2016
International Accounting Standards Board Appoints New Chair and Vice-Chair to Islamic Finance Consultative Group
IFRS Foundation - August 25, 2016
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