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 125 articles
Reinventing ERM and Internal Audit: Accountants Need to Drive Radical ChangeAccountants need to play lead roles driving radical change toward Objective-Centric Enterprise Risk Management and Internal Audit, argues Tim Leech.
by Tim J. Leech FCPA FCA CIA CCSA CRMA, Managing Director, Risk Oversight Solutions Inc. | April 11, 2017
Integrated Reporting: Quantitative or Qualitative?Is integrated reporting more quantitative or qualitative in nature—and is it subject to change over time?
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor of Professional Practice, Rutgers University | April 10, 2017
Well-Managed Government Is Critical to Functioning SocietiesPoor public sector financial management create fundamental problems in society.
by Ian Ball, Chairman, CIPFA International | March 27, 2017
Navigating Principles-based Standards in Financial ReportingOrganizations are increasingly applying principles-based standards in financial reporting, and a new practical guide from ICAS can help those involved in financial reporting make professional judgments.
by Alice Telfer, Head of Business and Public Sector, ICAS and Michelle Cricket, Director of Research, ICAS | March 27, 2017
Strong PFM Requires End-to-end Financial LiteracyPolitical and constitutional systems vary markedly across the EU; so too do public financial management (PFM) structures. The common thread is the need to ensure effective democratic accountability and encourage greater public transparency.
by Dr. Susanna Di Feliciantonio, Head of EU Public Affairs, ICAEW | March 16, 2017
News and Resources
There are 1986 news/resources
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
Nick Anderson and Ann Tarca Join the International Accounting Standards Board
IFRS Foundation - June 13, 2017
IASB Begins Second Phase of IFRS 13 Review with Call for Information
IFRS Foundation - May 25, 2017
Digital Future: A Framework for Future Digital Reporting
Financial Reporting Council - May 19, 2017
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