The International Federation of Accountants has released new guidance to help professional accounting organizations handle the ongoing evolution of accounting regulations.
The new guidance, “Making Regulation Work: Principles and Models for the Accountancy Profession,” dives into the scope of accounting regulation and its purpose, and lays out some key principles. Its goal is to help professional membership groups for accountants around the world interact more effectively with stakeholders like governments and regulators when it comes to working out the best regulatory model for the profession, in order to produce better financial information and support economic growth and development.
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