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 142 articles
Sustainability Reporting Will Create Long-Term Business and Investor ValueThe average US public company today has a life span of 30 years—annually, one in ten fails and the average five-year mortality risk is 32% and the average age of an S&P 500 company is under 20 years, down from 60 years in the 1950s—what’s going...
by Johanna Tähtinen, Associate, World Business Council for Sustainable Development | May 1, 2018
Learning from the Pioneers—New Corporate Insights on Integrated ReportingGood practice examples and key challenges identified from a review of integrated reports, survey data and interviews with experts.
by Yen-pei Chen, Corporate Reporting and Tax Manager. Professional Insights, ACCA | April 20, 2018
Indian Railways Right on Track for Accrual AccountingGovernments across the globe are placing greater emphasis on the efficiency and transparency in public spending for the ultimate good of the end-user.
by Atul Kumar Gupta, Central Council Member, ICAI and Director of ICAI—ARF and CA Naveen N D Gupta, President ICAI and Chairman of ICAI-ARF | April 20, 2018
4 Key Steps for CFOs to Instill Integrated Thinking and ReportingFour key actions CFOs and their finance teams can consider to enable integrated reporting in their organizations.
by Laura Leka , Technical Manager, Global Accountancy Profession Support, IFAC and Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | April 9, 2018
Research Insights—Integrated Report Quality: Capital Market and Real EffectsHigher-quality information for internal and external stakeholders is associated with improved decision making; given that, how is integrated report quality related to firm value?
by Elmar R. Venter, Associate Professor of Accounting, University of Pretoria in South Africa, Li Chen, Senior Lecturer in Accounting, University of Auckland Business School, Mary E. Barth, Joan E. Horngren Professor of Accounting, Stanford University, Graduate School of Business and Steven Cahan, Professor of Financial Accounting, University of Auckland Business School | March 18, 2018
News and Resources
There are 2015 news/resources
Integrated Reporting PAO Network
IFAC, IIRC - June 16, 2016
Developing and Reporting Supplementary Financial Measures—Definition, Principles, and Disclosure
IFAC - September 22, 2014
The Debt of Nations
ICAEW - May 16, 2018
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
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