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 155 articles
The Case for SMEs to Consider Integrated Thinking and ReportingThe benefits and opportunities for SMEs to consider both integrated thinking and integrated reporting, including better understanding, management and communication.
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | October 17, 2017
How Does PEFA Stimulate Better Public Financial Management?The Public Expenditure and Financial Accountability program has become the global standard for PFM performance assessment and a template for developing diagnostic tools.
by Lewis Hawke, Head of PEFA Secretariat | October 10, 2017
The Budget Transparency Toolkit: The 5 Key Entry Points to Budget TransparencyThe OECD’s new Budget Transparency Toolkit serves as a guide to navigating the various standards on budget transparency, and as an aid to orientation and action within this busy landscape.
by Ronnie Downes, Deputy Head, Budgeting & Public Expenditures, OECD | September 26, 2017
These Six Building Blocks Are Critical for Better Public Financial ManagementA wider strategic framework is necessary in managing the practical aspects of how governments can change from cash to accrual accounting.
by Sumita Shah, Regulatory Policy Manager, Public Sector, Institute of Chartered Accountants of England and Wales | September 25, 2017
Making Sense of MaterialityThe accounting concept of materiality means that only information that is important to investors needs to be included in the financial statements. Information about trivial matters can be excluded. Even though this sounds straightforward,...
by Hans Hoogervorst, Chairman, International Accounting Standards Board | September 25, 2017
News and Resources
There are 1781 news/resources
Indian Railways Gets Ready for Accrual Accounting, Its Biggest Such Reform Since Independence
The Economic Times - May 9, 2018
Management Considerations for Effective KPI Disclosure
CPA Canada - May 6, 2018
Making Integrated Reporting Work in an SME: Anglo African
ACCA - May 4, 2018
The Role of Internal Audit In Non-Financial and Integrated Reporting
Chartered Institute of Internal Auditors - May 3, 2018
New Supporting Materials for the IFRS for SMEs Standard Available
IFRS Foundation - May 3, 2018
Integrated Reporting US Community
IR US Community - May 1, 2018
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