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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
An assessment of the current status of sustainability reporting based on the insights and experiences of participants at the GRI Global Conference on Sustainability and Reporting in 2013.
IFRS Foundation Publishes More Free Teaching Material
January 16, 2014 - IFRS Foundation
Free-to-download teaching material designed to assist those teaching IFRS to progressively develop their students’ ability to make the estimates and judgements that are necessary to apply IFRS.
This edition, presented in two volumes, includes the official consolidated text of the IASB’s pronouncements as issued at 1 January 2014. It includes Standards with an effective date after 1 January 2014 but not the Standards that they will replace.
Factsheet that both reiterattes significant requirements and highlights any significant changes between the June 2013 European Union Accounting Directive, and the 4th and 7th Directives.
The IFRS Foundation holds regional 'train the trainers' workshops, in co-operation with regional professional associations and the world's development agencies, to build capacity for the implementation of the IFRS for SMEs, particularly in developing and emerging economies.
Currently there is widespread concern that many businesses, particularly large mulitnational corporations, are not paying enough tax on their profits. This is a serious issue at a time when public finances are under strain. CAEW's report 'Taxing corporate profits: hard choices' highlights the tough choices faced by businesses and politicians in relation to corporate tax.
PwC has selected some real life examples of good practices in reporting. They meet the key criteria identified in its ntegrated reporting framework and they are valued by investors and other stakeholders.
- US: Exceptions for Private Companies Are Damaging the GAAP Brand
May 5, 2015 - CFO.com
- India: ‘Investors Should be Informed of Impact of New Accounting Norms’
May 4, 2015 - Hindu Business Line
- Answers Needed for Flaws in M&A Accounting Standard
April 20, 2015 - CFO.com
- IASB Chief Announces New Mission Statement
April 17, 2015 - Economia
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