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IFAC FOCUS AREAS
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- 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 Giancarlo Attolini, Chair, IFAC SMP Committee | February 23, 2015 |
Part Four of the nine-part video series: IFAC SMP Committee Chair Giancarlo Attolini offers an international outlook on the importance of networking in building and cultivating relationships between SMPs and SMEs. Read More
Perspectives on Strengthening Small-and Medium-Sized Practices (SMPs): Part Three
by Giancarlo Attolini, Chair, IFAC SMP Committee | February 11, 2015 |
In Part Three of a nine-part video series, IFAC SMP Committee Chair Giancarlo Attolini discusses new service offerings firms can provide to their SME clients. Read More
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
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC