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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.
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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
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Integrated Reporting PAO Network
June 16, 2016 - IFAC, IIRC
IFAC and the International Integrated Reporting Council (IIRC) have created a network of contacts at PAOs to help encourage more widespread adoption and implementation of integrated reporting.
business case for integrated reporting; integrated reporting - research; integrated reporting – assurance; integrated reporting – guidance & tools; integrated reporting – measurement; integrated reporting – role of accountants; integrated reporting – technical topics; Resource center/website
This guidance provides recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organizations.
Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
This offers guidance in achieving a dynamic and circular management process for enhancing reporting processes.
This case study details how Malta is getting its ACT (Accountability, Credibility, Transparency) together as it takes the crucial early steps to implementing a five-year IPSAS adoption plan.
Find additional public sector financial management news and resources on the MOSAIC website, devoted to the development of the accountancy profession and professional accountancy organizations.
IFAC policy position paper on the use of accrual-based accounting—through the adoption and implementation of International Public Sector Accounting Standards (IPSAS).
Home page of IFAC’s Accountability. Now. Initiative, which promotes high-quality financial reporting by governments to improve transparency and help strengthen public financial management accountability in the public interest.
- International Accounting Board Amends Insurance Standard
September 14, 2016 - BloombergBNA
- Indian Real Estate Companies Set to Face Problems Due to New Accounting Standards: Ernst & Young
September 8, 2016 - Economic Times
- The Cash-Flow Clash
September 8, 2016 - CFO.com
- Special Feature: Public Sector
September 1, 2016 - South African Institute of Chartered Accountants
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