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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.
|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
The Task Force on Climate-related Financial Disclosures (TCFD) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.
From Share Value to Shared Value: Exploring the Role of Accountants in Developing Integrated Reporting in Practice
January 20, 2016 - Association of Chartered Certified Accountants, Institute of Management Accountants
This report examines the recent move—particularly in Europe—toward integrated reporting.
Creating Value: Integrated Reporting <IR> and Investor Benefits
January 14, 2016 - IIRC
This report serves to highlight the increasingly compelling evidence on the value of for investors, exploring its benefits for them and the information they deem important.
Watch the Web Presentation on New Leases Standard, IFRS 16
January 14, 2016 - IFRS Foundation
The staff of the International Accounting Standards Board held a live web presentation on the new Leases Standard on 13 January 2016, the day the Standard was issued. The presentation provided an overview of the new requirements, followed by a Q&A session.
GRI’s Sustainability and Reporting 2025 Forum met in Rome in October to sketch out the future of sustainability reporting they see emerging.
Read more: http://www.environmentalleader.com/2016/01/12/what-will-shape-the-future-of-sustainability/#ixzz3x8Q2l100
The summary for the December conference call of the IFRS Taxonomy Consultative Group is now available.
This report look at the costs and benefits of regulating SMEs’ financial reporting, at why SMEs may require a different regime from other businesses, and at what research can tell us about these questions.
- Tips for Implementing FASB's Not-for-Profit Standard
August 24, 2016 - Journal of Accountancy
- Enlist the Market in the Climate-Change Fight
August 23, 2016 - Wall Street Journal
- Is the New Accounting Standard on Leases Set to Change Business Practice?
August 22, 2016 - In the Black
- US FASB Aims to Clarify Consolidation Guidance for Not-for-Profits
August 10, 2016 - Accounting Web
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