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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
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According to this survey report, the five issues shaping the destiny of finance are volatility and risk; enterprise strategy supported by smarter finance deliver; an increased emphasis on intangibles in creating value; new technology frontiers; and the quality of talent available to the CFO function.
This report asks a simple question: are finance shared service and transformation roles valuable in the career path to becoming a CFO?
This suggests ways the finance function can improve current approaches to business partnering. It proposes nine pragmatic actions to improve partnering practices anchored in three core component parts: creating the mandate, fixing the information and deploying the talent.
Business growth should not be taken for granted but must be continually managed to succeed, says ACCA SME Global Forum
Many accountancy professionals play key roles in their organisations, roles that go far beyond the stereotypical perceptions of accountants as ‘bean counters’ and ‘number crunchers’.
This report discusses the future of the finance function and outlines why broad-based finance qualifications remain valuable and why businesses need finance skills and capabilities across the entire finance value chain.
This report uses detailed case studies to present insights from leading organizations on the challenges, solutions, and opportunities for talent management in today’s global finance function.
- 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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