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.
|Global Knowledge Gateway||
To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. See the full overview.
by Diane Jules, Deputy Director, IESBA and Robyn Erskine, Partner, Brooke Bird & IFAC SMP Committee Member | September 12, 2018
The revised and restructured Code of Ethics will come into effect in June 2019; the IFAC SMP Committee has actively monitored and engaged on each aspect of the project to provide input and suggestions with a focus on matters that impact SME and...
There are 202 articles
Member Organization Support for SMPs of the FutureIn order to help PAOs in their considerations of how to support SMPs of the future, EG representatives share insights and knowledge on how their member organizations have focused on delivering innovative support and solutions.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | July 18, 2019
The Importance of Client Selection and Relationship ManagementClient selection and effective relationship management is critical for firm’s success. It includes processes of selecting the “right client”, setting out clear engagement terms and considering client classification.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and George Willie, Managing Partner, Bert Smith & Co. | July 2, 2019
The Foundation for Economies Worldwide Is Small BusinessSmall businesses make the world go round. IFAC recognizes the importance of small businesses, their role in economies worldwide, and their contribution to sustainable development on Micro-, Small and Medium-sized Enterprises Day.
by Christopher Arnold, Head of SME/SMP and Research, IFAC | June 26, 2019
Encouraging Successful Exit Strategies–Passing the BatonThe importance of succession planning, the public policy actions for improving business transfers conditions and the critical support role of professional accountants.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | June 7, 2019
SMEs as the Backbone of Southeast Asia’s Growing EconomyThe ASEAN Federation of Accountants (AFA) Research Report covers the institutional environment for small and medium enterprises (SMEs) and roles for the accounting profession from the ASEAN Perspective.
by Aucky Pratama, Executive Director, ASEAN Federation of Accountants | April 29, 2019
News and Resources
There are 1740 news/resources
Why Joining an International Network Is a Good Move for SMPs
ACCA - July 8, 2019
11 EOFY Resolutions No Small Business Should Do Without
CPA Australia - June 27, 2019
Spotlighting Innovation in Small Practices
Economia - June 24, 2019
Developing Your Own Specialized Niche Practice
Journal of Accountancy - June 7, 2019
Workflow Management Basics for a Modern Practice
Chartered Accountants ANZ - May 23, 2019
How to Get Started with Value Pricing
Journal of Accountancy - May 23, 2019
Get The Latest. Sent twice monthly.