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 | June 6, 2017
IFAC recently issued a policy position on integrated reporting highlighting the need for a single report providing a fuller picture of an organization’s ability to create value over time, and greater interconnectedness between different reports.
There are 115 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 1972 news/resources
Implementing an IFRS 9 Solution: Challenges Faced by Financial Institutions
Accountancy Age - September 7, 2016
Meeting of IASB Representatives with the Capital Markets Advisory Committee and the Global Preparers Forum June 2016
IFRS Foundation - September 7, 2016
The IFRS Foundation Has Announced the Publication of New Romanian and Russian Translations
IAS Plus - September 7, 2016
How Accountants Can Save World Business
Accounting Web - September 5, 2016
IIRC Appoints Richard Howitt as New Chief Executive
IIRC - September 5, 2016
Restructuring of the SMEIG and Future Work
IFRS Foundation - September 2, 2016
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