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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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How has the role of the Chief Financial Officers (CFOs) evolved in ensuring the sustainability of their companies? Are they ready to embrace the challenges as well as opportunities to maintain their relevance?
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
What are the main requirements and expectations of CFOs and finance leaders in the modern economy? What are the implications on the requisite skills and competencies of accountants? These are some issues which IFAC’s discussion paper, “The Role and Expectations of a CFO”, seek to address and stimulate a global debate on as it prepares accountants for finance leadership roles, including Chief Financial Officers (CFOs). The paper also highlighted the changing expectations and scope of the CFO and finance leadership roles and the action professional accountancy organisations (PAOs) and employers can take to prepare professional accountants for finance leadership.
ISCA has released its survey findings involving 315 CFOs and CFO aspirants in Singapore. The ISCA CFO Survey, conducted by ISCA Research in September 2012, is part of the Institute’s overall CFO strategy to understand the needs of members who are CFOs and CFO aspirants.The findings clearly re-affirm the increasing perception that the CFO’s portfolio has expanded in breadth and depth to beyond technical areas and their existing role as financial stewards, into areas such as strategic business planning and risk management.
- Answering Your Career Accountancy Questions
August 23, 2016 - Economia
- Accountants Can Expect Bigger Salary Boosts Next Year
August 23, 2016 - Accounting Today
- The Economics of the 2016 Rio Olympics
August 23, 2016 - PKF
- Accountants Strike Gold at the Olympics
August 23, 2016 - Accounting Web
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