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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
Provides recommendations that contribute to improving the value of financial disclosure to investors.
11 recommendations of the Initiative on Rethinking Financial Disclosure are a response to SEC Chairman Mary Jo White’s call for rethinking these corporate disclosures in the 10-K annual report
This Transparency International report evaluates the transparency of corporate reporting by the world’s 124 largest publicly listed companies. The report assesses the disclosure practices of companies with respect to their anti-corruption programmes, company holdings and the disclosure of key financial information on a country-by-country basis.
Integrated reporting enhances transparency and disclosure by emphasising concise communication of performance, risks and opportunities and the future outlook for the organisation.
The IFRS Taxonomy™ 2014 Spanish element labels are now available within the Spanish translation of the 2014 Red Book. The IFRS Taxonomy is a classification system containing element names and related properties.
A roundtable discussion jointly hosted by FEE and the International Integrated Reporting Council (IIRC) took place on 16 October 2014 in Brussels. The PowerPoint presentations shared during the event are now available on the dedicated webpage.
The IFRS Foundation Education Initiative is developing a series of comprehensive Framework-based IFRS and IFRS for SMEs teaching materials to assist IFRS teachers to educate IFRS learners more effectively.
- IFRS Foundation Rejiggers Accounting Standards Advisory Forum
June 25, 2015 - Accounting Today
- Industry Bodies Express Delight at EC Embrace of IFRS Report
June 22, 2015 - Accountancy Age
- IASB Revisits Goodwill Accounting
June 18, 2015 - Economia
- India Should Customise Its Accounting Standards as Per Its Prevailing Legal Environment: Chairman, NACAS
June 12, 2015 - Business Standard
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