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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.
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The International Public Sector Accounting Standards Board® (IPSASB®) develops IPSAS®, accrual-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. Through these standards, the IPSASB aims to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. It also issues guidance and facilitates the exchange of information among accountants and others who work in the public sector and promotes the acceptance of and international convergence to IPSAS.
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September Meeting Currently Being Live-Streamed—Register Now Below
The IPSASB is live-streaming sessions from its September meeting this week. Click a link to register (All times Eastern):
- "Revenue and Non-exchange Expenses," September 20, 10 a.m. - 4 p.m.
- "Financial Instruments (Updates to IPSAS 28-30)," September 21, 9 a.m. - 12:30 p.m.
- "Heritage, Session 1" September 21, 1:30-5 p.m.
- "Heritage, Session 2," September 22, 9 a.m. - 12:30 p.m.
- "Social Benefits," September 22, 1:30-5 p.m.
Financial Instruments Education Session Webinars
The IPSASB has created a two-part webinar on financial instruments.
Prepared and presented by Lucy Qi, the technical staff member responsible for the IPSASB’s Financial Instruments Update project, Part A covers the classification and measurement, as well as impairment of financial instruments, and Part B covers hedge accounting.