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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.
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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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This Statement on the Role of the CFO in Public Service Organisations sets out an overarching principles-based framework that is intended to apply to all public service organisations and their CFOs, irrespective of where they work.
This discussion paper focuses on four core roles for the finance function: innovator, business partner, steward, and provider/commissioner. It promotes debate among public sector leaders and finance professionals about the contribution the finance function makes to realizing their organization’s strategic goals, how to help it function efficiently, and how it can deserve public trust in its use of public money.
This statement on the role of the CFO in local government describes the role and the responsibilities of CFOs in local government.
This report highlights the core responsibilities of the CFO role in the public sector, as well as the personal skills and professional standards that are crucial to success in the role.
Part one is aimed at senior finance leaders of public service organisations and explores how the finance business partnering model can support them in the achievement of their aims and objectives.
- US CEOs Back Board Diversity, GAAP Adherence in Reform Push
July 25, 2016 - New York Times
- How Blockchain Will Impact Accountants and Auditors
July 22, 2016 - Economia
- New IFAC Research Report Demonstrates Positive Association between Business Performance and Use of Accountants
July 22, 2016 - IFAC
- Accountants Must Rebrand Themselves
July 21, 2016 - Economia
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