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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
This study shows that businesses are hesitant about adopting integrated reporting <IR> with the majority taking a ‘wait and see’ approach.
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.
XBRL International is a not-for-profit consortium of over 600 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. The consortium members meet regularly at international conferences, conduct committee work regularly via conference calls, and communicate via email and phone calls throughout the week. This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business reports in accordance with the rules of accounting in each country or with other reporting regimes such as banking regulation or performance benchmarking.
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.
- 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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