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. See the full overview.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 6, 2017
IFAC recently issued a policy position on integrated reporting highlighting the need for a single report providing a fuller picture of an organization’s ability to create value over time, and greater interconnectedness between different reports.
There are 146 articles
Twenty Years of International Public Sector Standard Setting2017 was a landmark year for international standard setting for public sector financial reporting.
by Steven Cain, Technical Manager Financial Reporting and Auditing Standards, CIPFA | December 20, 2017
How Can SMEs Implement Integrated Reporting? A Starter KitThe specific application of integrated reporting by SMEs and the initial steps SMEs can take to start their integrated reporting journey.
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | December 14, 2017
Core & More: Making Reporting SmarterCore & More aims to establish “smarter” corporate reporting by organizing financial and non-financial information in a more connected, logical, and structure way.
by Hilde Blomme, Deputy CEO, Accountancy Europe and Ben Renier, Manager, Corporate and Public Sector Reporting, Accountancy Europe | December 4, 2017
Focusing on the Public Interest Should Imply Passion for the Public SectorProfessional accountants and public sector entities are natural partners in protecting the public interest.
by Martin Dees, Strategic Audit Expert, The Netherlands Court of Audit; Peter Eimers, Professor of Auditing, Vrije Universiteit Amsterdam & Partner, PwC; and Peter Verheij, Alderman, Municipality of Alblasserdam | November 30, 2017
Confidence in Non-Financial Information Next FrontierA lack of confidence in non-financial information is hindering its utility for users assessing an organization’s performance and potential for long term value creation—using their knowledge of management and process control, professional...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | November 28, 2017
News and Resources
There are 2000 news/resources
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
We Analysed 101 Companies’ Statements on Modern Slavery–Here’s What We Found
The Conversation - May 30, 2018
ICAI Issues Valuation Standards for Members
MoneyControl - May 29, 2018
Reporting Matters–WBCSD 2018 Report
World Business Council for Sustainable Development - May 22, 2018
The Debt of Nations
ICAEW - May 16, 2018
Indian Railways Gets Ready for Accrual Accounting, Its Biggest Such Reform Since Independence
The Economic Times - May 9, 2018
Management Considerations for Effective KPI Disclosure
CPA Canada - May 6, 2018
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