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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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Performance & Financial Management
Professional accountants will use many performance & financial management methods and approaches to help their organization deliver its objectives, goals, targets, and strategies. Performance & financial management encompasses all of the management, process, and behavioral aspects of strategy execution and monitoring performance. Read More
How do you develop and use leading indicators? Here is a 4-step process to help you.
Finance Skills Are Essential for Any Business Owner
January 7, 2015 - AAT
Understanding basic finance skills can help business owners get more from their accountant, making the difference between success and failure. In the first of a three-part series focusing on skills to run your own business, we look at small business success stories.
Manos Schizas discusses the Financing Futures project – a groundbreaking study of how small businesses might be financed in the far future.
Manos Schizas introduces ACCA’s research into trade credit and the search for ways of overcoming late payment.
Eight Principles of Succession
December 22, 2014 - Baker Tilly International
Succession is a process of transition and a journey to what should be very clear goals and outcomes. Its underlying purpose is the future proofing of the capital value of your business and your wealth. Baker Tilly has identified eight guidelines that they believe will direct you to achieving an effective succession outcome.
This Industry Canada study sheds new light on the nature of the relationship between growth and profitability for Canadian SMEs.
This paper paints a picture of how the existing peer review program for firms’ accounting and auditing engagements could be transformed into a technology-driven, near-real time practice monitoring process. The concept as currently envisioned will morph based on feedback from the paper and from pilot participants, and as technology evolves.
- Finance and the Business: Building a Performance Management Framework
April 22, 2015 - CFO Innovation
- Small and Medium Businesses ‘Leaking’ £2.9 Billion Due to Unqualified Finance Staff
March 24, 2015 - Association of Accounting Technicians
- Dedicated Site Highlights Value That CPAs Can Provide to Small Business Owners
February 11, 2015 - American Institute of CPAs
- Transparent Trade Policies, Stable Exchange Rate Key to Attract FDI
November 17, 2014 - Pakistan Observer
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