International Accounting Firms Key Terms

Terms a firm must know to be successful in international accounting

Those hiring or working for an international accounting firm need to be knowledgeable about international accounting standards and changes in the global financial system as they occur. There are many standard setting boards and associations, and a number of publications that deal with international accounting.

By identifying key international accounting publications and the boards and associations that set the international accounting professional standards, you will know what qualifications to look for when choosing a firm.

International Federation of Accountants (IFAC)

The International Federation of Accountants represents over 2 million accountants in over 120 countries. The IFAC has a standards setting board whose job it is to come up with international accounting standards and continuing education requirements.

AGN International

AGN International is a networking organization that serves international accounting professionals and firms worldwide. It provides an information conduit for accounting firms in 90 different countries.

International Group of Accounting Firms (IGAF) Worldwide

IGAF Worldwide is an international accounting association that offers tools and resources for global accounting professionals and their clients. The association has strict admission requirements and performs continuous inspections to ensure firms maintain the organizations high standards.

International Financial Reporting Group (IFRG)

Ernst & Young Global is a major player in the international financial sector. This firm's International Financial Reporting Group provides information and interpretation on IFRS, the global accounting and auditing standards from around the world.

Accounting, Auditing & Accountability Journal

This is an international journal that publishes accounting-related articles from around the world. These articles might challenge current practices or discuss the socio-political relationship between accounting policies and standards, for example.

International Accounting Standards Board (IASB)

The International Accounting Standards Board sets the International Financial Reporting Standards (IFRS). These standards are put together with the assistance of a group of international accounting consultants in order to establish consistent practices amongst international financial reporting professionals.

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