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®) works to improve public sector financial reporting worldwide through the development of IPSAS®, international accrual-based accounting standards, for use by governments and other public sector entities around the world.
The year 2017 marks the 20th anniversary of the IPSASB's standard-setting program.
Successful 2017 Public Sector Standard Setters Forum, Switzerland
The International Public Sector Accounting Standards Board’s strategy and work plan development was greatly assisted by this years’ Public Sector Standard Setters Forum, in Winterthur, Switzerland. On July 3 and 4 the Zurich University of Applied Sciences and the Swiss Public Sector Financial Reporting Advisory Committee co-hosted the forum, which was attended by 75 delegates from more than 26 countries. The forum also greatly enabled knowledge exchange for public sector standard setters and equivalent bodies.
Transparency and Beyond Interview Series
During the recent international seminar, Transparency and Beyond: Harnessing the Power of Accrual in Managing Public Finances, Public Finance International conducted a series of interviews with high-level experts on public sector finance and the adoption and implementation of International Public Sector Accounting Standards.