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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
This guide provides an overview of the International Integrated Reporting Framework, which was developed by the International Integrated Reporting Council (IIRC) through a global consultation process.
While sustainability reporting is still not as widespread in the United States as in some other countries, it is definitely on the uptick. According to the Governance & Accountability Institute, nearly three-quarters of all of the companies in the S&P 500 Index and Fortune 500 are now publishing sustainability reports.
IFAC’s PAIB Committee member and AT&T Director of Accounting Bill Schneider, CPA, CGMA, discusses the challenges associated with recognizing revenue earlier for certain transactions, determining what performance obligations are, and a possible need for costly systems changes.
This publication is aimed at SMEs who are considering whether sustainability reporting is relevant for them, and how they can start the reporting process in a realistic way that relates to their own context and circumstances. It provides a simple introduction to sustainability reporting (using the GRI G4 Guidelines) in order to help SMEs take the first small steps in their sustainability journey.
Tansparency is one of the cornerstones of the U.S. stock market. By requiring publicly traded companies to disclose their finances, legal conflicts, executive compensation and other details, the system deters wrongdoing, encourages management competence and assures that investors compete on a level playing field.
The United Nations is working to identify and address some of the world’s greatest challenges through the formulation and then implementation of sustainable development goals.
- Nigeria: Federal Government Eyes IPSAS to Strengthen Accounting System
July 22, 2015 - This Day Live
- Fayez Choudhury on Accountability. Now.
July 21, 2015 - Public Finance International
- A Perfect Time for the Governor to Fix California’s Accounting
July 17, 2015 - San Francisco Chronicle
- How Good Accounting Can Save the World–Including Greece
July 17, 2015 - In the Black
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