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 207 articles
How to Price Client Engagements and Increase Firm ProfitManaging both client relationships and operating costs is essential for successful firms. Consider different pricing approaches and how to increase fees and recovery rates.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and George Willie, Managing Partner, Bert Smith & Co. | August 12, 2019
Ten Steps to Successful Firm Risk ManagementSuccessful risk management for firms is essential to future success. Key steps focus on recruitment, training, delegation, effective systems and management of clients and technology.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | August 12, 2019
Implementation Support for ISA 540 (Revised) Accounting EstimatesImplementation support videos on ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Jasper van den Hout, Principal, International Auditing and Assurance Standards Board | July 25, 2019
Benefits of Integrated Reporting for Small Businesses and Not for Profit Organizations (NPOs)Integrated thinking leads to integrated decision making and actions that consider the creation of value over time. SMEs and not-for-profit organizations can benefit from such an integrated approach by combining an understanding of the entities’...
by Matteo Pozzoli, member of the IFAC SMP Committee and Johnny Yong, Technical Manager – Global Accountancy Profession Support (GAPS), IFAC | July 22, 2019
Eight Steps to Establish a Firm Risk Management ProgramEstablishing a risk management program and culture is critical to the future success of all firms. Key steps include risk identification, analysis, evaluation, management and monitoring.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and Monica Foerster, Chair, IFAC SMP Committee | July 21, 2019
News and Resources
There are 1745 news/resources
The Passionate Practitioner: Developing the Digitalised Small and Medium Practice
ACCA - August 15, 2019
13 More Signs Your Firm Is Outdated
Journal of Accountancy - July 30, 2019
How Firms of Any Size Can Innovate
Journal of Accountancy - July 22, 2019
Do You Have What It Takes to Start Your Own Firm?
Journal of Accountancy - July 22, 2019
Leveraging the Four Cs to Automation and Advisory
CPA Practice Advisor - July 22, 2019
Why Joining an International Network Is a Good Move for SMPs
ACCA - July 8, 2019
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