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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
States that stock exchanges should introduce requirements for listed companies to report on environmental, social and governance (ESG) matters, or develop voluntary guidelines on the topic.
Non-GAAP Financial Measures—Enhancing Their Usefulness
July 16, 2014 - PwC
This report indicates that investors find non-GAAP measures useful, for example, in forecasting future cash flows and understanding management’s perspective of the business.
The company-accounts detectives collar another suspect
The 196-page guide is primarily a summary of the use of International Financial Reporting Standards (IFRS) in each of the 130 countries and other jurisdictions around the world that have been surveyed to date.
"One of the most value-added activities that an internal audit department can undertake is to be able to demonstrate clearly where (the organization) is vulnerable.” Joe Murphy on cybersecurity risks and Attack & Penetration Testing
ACCA makes two major recommendations
What is IFRS for SMEs? ACCA's Corporate Reporting teams explains, in this video presentation.
- New Thomson Reuters Content Helps Accounting Professionals with Financial Reporting
October 9, 2015 - MarketWatch
- Reforming Reporting: An Interview with Stephen Haddrill, UK Financial Reporting Council CEO
October 9, 2015 - GAA Accounting
- US Preparers Ready Themselves for Upcoming Changes to Revenue Recognition, Lease Accounting
October 8, 2015 - FEI Daily
- Ian Ball: “If Germany used IPSAS, It Would Need to Report a Loss Associated with its Holdings of Greek Government Debt”
October 7, 2015 - The Accountant
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