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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. Read More
by Paul Thompson, Consultant | September 6, 2016 |
Technology poses a threat to the accountancy profession as automation could replace much of the work accountants do, according to experts—the profession must accelerate its move into tasks and activities less susceptible to automation such as advisory services. Read More
Joel Sinkin, an expert in mergers and acquisitions in accountancy, provides guidelines about choosing the right successor practice/firm when you start to plan for your future.
For many practitioners the busy season is over and it’s time to relax and reflect—reflect on what the future holds for our great profession and consider whether, and if so how, to grow the firm. This future might rest in building advisory and consulting services. This article looks at some steps a firm might take to go about this. Read More
When Should You and Your Practice Start to Plan Your Succession?
by Joel Sinkin, President, Transition Advisors, LLC | August 15, 2016 |
When planning for a succession, owners and managers of accounting practices must consider the extent to which they personally interact with clients, says Joel Sinkin, an expert in accounting mergers and acquisitions. Read More
New Services for Accounting Firms: It’s about Reliance, Not Compliance
by Dan Morris, Senior Partner and Managing Director, Morris + D’Angelo | August 8, 2016 |
Accounting firms should be marketing those services that matter most to their customers and prospects. Read More
- Guide to Practice Management for Small- and Medium-Sized Practices, Third Edition
December 13, 2012 - IFAC