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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
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This article examines Equity Risk Premium (ERP) historical data in the UK since the mid-1970s and compares it with the common assumption of a 6% ERP worldwide. It also considers how premiums are calculated, using arithmetic or geometric means, and also gives some thought to what is a risk-free asset.
- Consultants Underperform Finance Staff on Decision Support
January 8, 2016 - CFO.com
- EU Associations Trio Strongly Involved with SMEs Forge Common CMU Position
November 25, 2015 - Fédération des Experts-comptables Européens – Federation of European Accountants
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- Align Finance, Operations to Improve Working Capital
November 11, 2015 - CFO.com
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