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 130 articles
Understanding Value Creation through the Business ModelThe Association of International Certified Professional Accountants invites participation on the CGMA Business Model Framework consultation.
by Nick Topazio, Associate Technical Director, Management Accounting, Association of International Certified Professional Accountants | June 6, 2017
Track, Analyze, Improve: Modernizing Public Financial Management through Open ContractingIncreased transparency through open contracting can help improve the ability of governments, businesses, and citizens to follow government’s money and ensure it delivers on its promises to citizens.
by Carey Kluttz and Leigh Manasco, Open Contracting Partnership | May 30, 2017
Adopting EPSAS? Lessons from the Italian Central Government ReformsIn light of the European Commission’s decision to develop accruals-based European Public Sector Accounting Standards, the experiences of the Italian central government’s public sector accounting reforms are worth considering.
by Ileana Steccolini , Member, CIPFA Faculty Board, Professor of Accounting and Finance & Research Director, Newcastle University London | May 22, 2017
Insights into Integrated ReportingNew ACCA research outlines integrated reporting insights, including the challenges and best practice responses based on over 40 corporate reports and interviews with leading integrated reporters.
by Yen-pei Chen, Corporate Reporting and Tax Manager. Professional Insights, ACCA | May 11, 2017
IFRS’ Impact on SMEsWhat role do International Financial Reporting Standards play in accounting for small- and medium-sized entities in Europe?
by Robin Jarvis, Professor of Accounting, Brunel University and Special Adviser to the European Federation of Accountants and Auditors (EFAA) | April 26, 2017
News and Resources
There are 1988 news/resources
Everything You Need to Prepare for IFRS 16
In the Black - July 3, 2017
Digitalisation of Tax International Perspectives
ICAEW - June 29, 2017
Norway Drops Implementation of IFRS for SMEs as IFRS Foundation Releases Draft Guidance on the Standards
The Accountant - June 29, 2017
Draft Guidance on the IFRS for SMEs Standard Published for Public Comment
IFRS Foundation - June 26, 2017
The Stages of PFM Reform in Fragile States
Public Financial Management Blog - June 19, 2017
What's Next for Corporate Reporting: Time to Decide?
ICAEW - June 14, 2017
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