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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.
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Finance Leadership & Development
Professional accountants need to respond to the continually changing expectations of their organizations, the financial markets, and society. In addition, many accountants aspire to finance leadership roles, such as chief financial officer (CFO). As a result, they must fulfill their traditional responsibilities, while increasing their support of strategic and operational decision-making. Through education, life-long learning, and development, they must acquire the right mixture of skills, experiences, and attitudes, including leadership, strategy, business, management, and interpersonal skills. Read More
Many young accounting and finance professionals tend to job hop, transitioning from company to company to broaden their range of experience and develop new skills on the path to becoming CFOs. While there are benefits to this approach, there are also key disadvantages. Caly Cramsey, CFO of the Bank of Quincy is interviewed to discuss how sometimes working for one organization from entry level up can be your best bet.
From round-table discussions around the country and from The CFO Alliance’s annual survey, four themes are emerging for CFOs to reach those growth goals
In the March 2014 issue of the IS Chartered Accountant journal, the Institute published an extract of the Comment Letter which we submitted to the International Federation of Accountants (IFAC) in response to its discussion paper on “The Role and Expectations of a CFO”. Intended to stimulate a global debate on preparing professional accountants for finance leadership roles, the discussion paper also raised the subject of what professional accountancy organisations can do to prepare our professional accountants for career progression in finance leadership
Many people think of networking as either schmoozing or as a purely social activity. In reality, a strong professional network is an important resource for an up-and-coming CPA.
The CGMA Competency Framework defines four knowledge areas that finance professionals need to drive their organisations’ success. The framework, released Thursday, also offers employers and management accountants a guide for the assessment of the skills needed for current and future roles.
This report sets out how stakeholders must work together in resolving the employability crisis, and shows how we have worked with stakeholders around the world to ensure CGMA designation holders have the knowledge, skills and competencies employers need.
The CGMA Competency Framework is designed to help management accountants and their employers understand the knowledge requirements and assess the skills needed for both current and desired roles. The framework is underpinned by the need for objectivity, integrity, and ethical behaviour, and includes a commitment to continuously acquire new skills and knowledge.
- The Changing Face of Accounting
May 19, 2015 - DNA India
- How CFOs Can Improve Their Collaboration with CIOs
May 11, 2015 - CPA Insider
- CFO to CEO (p. 33)
May 5, 2015 - AccountancySA
- 7 Ways CFOs Can Keep up with Rapid Changes in Technology
May 4, 2015 - Journal of Accountancy
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