IFAC STANDARD COMPLIANCE DOCUMENTS
As a member body of the International Federation of Accountants (IFAC), the Institute of Chartered Accountants, Ghana (ICAG) provides direct access to official IFAC Documents. These reference publications serve as a framework of globally applicable requirements. They ensure that students, practitioners, and firms remain strictly aligned with international best practices and benchmarks.
Key Resources Available for Download
IFRS Presentation & Disclosure Checklist
An actionable framework used to ensure financial statements completely comply with reporting presentation structures.
IFRS for SMEs Implementation Guide
Tailored reporting standards specifically simplified for Small and Medium-sized Enterprises.
Guide to Quality Control for SMPs
Practical compliance guidelines helping Small and Medium Practices set up internal firm auditing workflows.
Guide to Using International Standards on Auditing (ISA)
Step-by-step methodologies to safely deploy risk-based auditing techniques across corporate profiles.
Core Ethical Frameworks Covered
These global standards are codified under the IFAC Statements of Membership Obligations (SMOs). They strictly enforce five fundamental ethical principles across the accountancy profession:
- Integrity: Maintaining straightforward and honest professional relationships.
- Objectivity: Preventing bias, conflicts of interest, or undue influence from overriding professional judgments.
- Professional Competence & Due Care: Keeping knowledge sharp through Continuous Professional Development (CPD) calendars.
- Confidentiality: Protecting critical business information unless a legal duty to disclose exists.
- Professional Behavior: Complying cleanly with domestic laws while avoiding actions that discredit the field.
