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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
Accountants must be able to develop new business processes, service offerings, and ways to leverage technology.
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.
Arleen Thomas, CPA, CGMA, explains why development is the key to retention.
5 Ways to Boost Sustainability's Value Proposition for CFOs
April 13, 2015 - Green Biz
Five factors undergird the value proposition driving CFOs to incorporate sustainability into financial analysis and business strategy.
Becoming a partner requires a new perspective on leadership, goals, and strategy.
A discussion on diversity with Citrin Cooperman's valuation services practice leader, Mandeep Trivedi and Accounting Today's managing editor, Tamika Cody. The two discuss the steps that needs to be taken in order to recruit and retain more people of color in the accounting profession.
Companies perform better when their finance chiefs have strategic roles.
- Doughtie to Become First Female CEO of KPMG in US
April 22, 2015 - Journal of Accountancy
- The Five Influences on Future Finance
April 17, 2015 - City AM
- Shifting Gears by CFOs in Pakistan Perspective
March 16, 2015 - Pakistan Today
- ACCA Calls for Increase in Gender Diversity to Boost Business Performance
March 12, 2015 - Association of Chartered Certified Accountants
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