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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
Reading Financial Statements–What Do I Need to Know?
June 1, 2015 - CPA Canada
Aims to answer some key questions a user trying to obtain a basic understanding of financial statements might ask.
Examines and explains the application of IFRS 11 Joint Arrangements from a Canadian perspective.
In a world of annual reports so bloated that they undermine understanding, less really can be more if you fight the info-flab by presenting corporate data more visually.
This video features a discussion by Robert Herz, former Chairman of the FASB (2002-2010) and Sir David Tweedie, first chairman of the IASB (January 2001-June 2011), who discuss challenges and highlights in the efforts to converge U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) during their years at the IASB and the FASB.
The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research reviews academic research into the effects of mandatory adoption of IFRS in the EU and summarises what it tells us about the costs and benefits of adoption.
FEE has recently launched a project 'Getting involved in public sector assurance', which is part of FEE's ongoing contributions to improving public sector financial management.
The SASB provides standards for use by publicly-listed corporations in the US in disclosing material sustainability issues for the benefit of investors and the public. SASB standards are designed for disclosure in mandatory filings to the US SEC.
- Special Feature: Public Sector Report
September 1, 2015 - Accountancy SA
- IFRS and Vietnamese Accounting Standards: Critical Differences
August 26, 2015 - CFO Innovation
- Dragging Australia’s Financial Reporting Regime into the 21st Century
August 26, 2015
- US FAF Names New PCC Chair
August 19, 2015 - Accounting Today
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