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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.
|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. Read More
by Henry Irving, Head of Audit and Assurance Faculty, ICAEW | January 21, 2015 |
The first report from the ICAEW’s Small Business Matters Program, The 99.9%: Small- and Medium-Sized Businesses, takes a close look at the small business community and their use of accountancy services. Read More
Perspectives on Strengthening Small-and Medium-Sized Practices (SMPs): Parts One and Two
by Giancarlo Attolini, Chair, IFAC SMP Committee | January 13, 2015 |
In Parts One and Two of a nine-part video series, IFAC SMP Committee Chair Giancarlo Attolini discusses the importance of SMEs to the global economy, the role of accountants as trusted business advisors, and the use and benefits of engagements to review historical financial statements, including relevant guidance. Read More
The Evolving Advisory Role of SMPs in Supporting the Internationalization of SMEs
by Paul Thompson, Director, Global Accountancy Profession Support, IFAC and Robin Jarvis, Professor of Accounting, Brunel University | December 18, 2014 |
In today’s global economy, small- and medium-sized entities (SMEs) are increasingly expanding their operations beyond their home jurisdictions, and they are looking to their accountants for support. As trusted business advisors, accountants can play a key role in supporting the internationalization of their SME clients. Read More
It’s All about Culture—And Culture Starts at the Top
by Carla M. McCall, Co-President Alexander Aronson Finning CPAs | December 1, 2014 |
Carla M. McCall, Co-President Alexander Aronson Finning CPAs, provides insights into some of the features that make for a winning corporate culture. Read More
Growing Your Practice: Agreed-Upon Procedures Engagements
by Dawn McGeachy, IFAC SMP Committee Member & Chair of the Implementation Guidance Task Force and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | October 28, 2014 |
Recognizing that agreed-upon procedures engagements have the potential to be an attractive and fast-growing service offering to SMEs, the IFAC SMP Committee is interested in how these engagements are being performed under ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC