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 134 articles
Making Sense of MaterialityThe accounting concept of materiality means that only information that is important to investors needs to be included in the financial statements. Information about trivial matters can be excluded. Even though this sounds straightforward,...
by Hans Hoogervorst, Chairman, International Accounting Standards Board | September 25, 2017
Five Key Methods to Improve Public Financial AccountabilityThere is increased awareness of the crucial need for better performance and greater accountability in public financial management (PFM) systems around the globe.
by Ian Ball, Chairman, CIPFA International | August 14, 2017
Integrated Thinking & Reporting Requires Trusted Advisors: Guiding Your SME ClientsFor those small- and medium-sized entities ready to embrace integrated thinking, and reporting, the eventual benefits will outweigh the costs, and their accountants can help them along the journey.
by Giancarlo Attolini, Past Chair, IFAC SMP Committee and Mats Olsson, IFAC SMP Committee Deputy Chair and Partner, Adrian & Partners AB | August 3, 2017
Financial Management Reform in UK Government: Putting Finance at the Heart of Decision MakingSolid management information can help governments manage resources and make decisions that deliver value for money.
by Rebecca McCaffry, FCMA, CGMA, Associate Technical Director–Management Accounting, the Association of International Certified Professional Accountants | July 31, 2017
News and Resources
There are 1993 news/resources
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
Accounting and Business - October 6, 2017
Brexit: Implications for Financial Reporting
ICAEW - October 5, 2017
The Rise of Integrated Reporting
Chartered Accountants Ireland - October 3, 2017
Core & More: An Opportunity for Smarter Corporate Reporting
Accountancy Europe - September 22, 2017
IASB Issues Practice Statement 2 Making Materiality Judgements and Publishes Exposure Draft Definition of Material
IFRS Foundation - September 20, 2017
Call for Action: Enhance the Coordination of Non-Financial Information Initiatives and Frameworks
Accountancy Europe - September 18, 2017
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