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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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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
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There’s much to decide before you choose a new technology.
This illustrates how a CPA can play a key role in technology selection. The solution selection process provides the opportunity to apply common CPA skills, such as data analytics, to support how an organization decides on new software or applications.
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 professionals who develop an understanding of different types of capital are better positioned to increase their value and aid in their organization’s strategy.
The purpose of the Principles is to support organizations in benchmarking and improving their management accounting systems. The Principles help the public and private sectors make better decisions, respond appropriately to the risks they face and protect the value they generate.
Predictive analytics can answer detailed questions that may escape more traditional financial analysis.
Learn how one company is leading people, process, and customer indicators to manage its expansive, entrepreneurial-driven service organization.
- Where Machines Could Replace Humans—and Where They Can't (Yet)
July 12, 2016 - McKinsey&Company
- Automation and Your Career: McKinsey Predicts Your Destiny
July 11, 2016 - Forbes
- How Blockchain Will Change Business Transactions
June 2, 2016 - Accounting Today
- Is Bitcoin Really Money? Economics Professor Says ‘No’ in Landmark Criminal Case
June 1, 2016 - International Business Times
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