This International Good Practice Guidance is designed to help professional accountants in business use predictive business analytics to identify new opportunities for growth and improvement in their organizations, as well as to highlight areas for corrective actions and strategy adaptations. Predictive business analytics can help any organization select the appropriate actions and best decisions to improve performance and achieve sustainable organizational success.

This Preface sets out the scope, purpose, and due process of International Good Practice Guidance (IGPG) published by IFAC’s Professional Accountants in Business Committee. IGPG, which starts by clearly identifying principles, (a) is generally accepted internationally, and (b) applies to organizations of all sizes in commerce, industry, the public sector, education, and the not-for-profit sector.

This article, prepared by SMP Committee staff, summarizes key elements of the International Standard on Quality Control (ISQC) 1 and features five tips to help SMPs apply the standard in a cost-effective manner.

This list of resources was developed as a companion piece to Leveraging XBRL for Value in Organizations.

If your organization has resources dedicated to XBRL that you would like to have appear in this listing, please email them to vincenttophoff@ifac.org.

This document was updated in November 2012.

A Questions and Answers (Q&A) publication intended to assist professional accountancy organizations and others as they adopt and implement the Code of Ethics for Professional Accountants issued in July 2009.

This document, from October 2008, provides a progress update on the Clarity project to help those with responsibilities relating to audits of financial statements set in motion plans to ensure that audits are effectively carried out under the clarified ISAs when the standards come into effect.

All clarified ISAs will be effective for audits of financial statements for periods beginning on or after December 15, 2009.

ISACA and IFAC have jointly developed this paper to provide accounting and assurance professionals with guidance to leverage value from XBRL (eXtensible Business Reporting Language) initiatives and compliance requirements. The benefits and opportunities of embedding XBRL within internal processes can enhance management communication, thus increasing the value of information used within an organization. Examples and case study material are included.