IFAC is also concerned with the impact of control technology on society. With several thousand attendees from all over the world, the IFAC World Congress is the biggest and most important meeting of this kind and the Berlin Congress marks the 21st edition of this series. IFAC has established the following boards. A new study by the International Federation of Accountants (IFAC) and the Organisation for Economic Co-operation and Development (OECD) has found that nearly three-quarters of OECD countries have adopted accrual accounting for their year-end financial reports. IFAC’s greatest strength is in its people and the volunteers who devote so much of their time to make IFAC function as well as it does. hyphenated at the specified hyphenation points. Once entered, they are only The International Federation of Accountants (IFAC) has issued an updated version of its Policy Position Paper 8 on enhanced organisational reporting. The International Food Additives Council (IFAC) is a global association representing manufacturers and end-users of food ingredients, including food additives. The Manfred Thoma Medal recognizes outstanding contributions of a young researcher and/or engineer under the age of 40 to the field of systems and control in its widest sense, Distinguished individuals may be honored by the Council as IFAC Fellows. Founded in 1980, IFAC strives to promote science-based regulation and the global harmonization of food ingredient standards and specifications. IFAC provides NMOs with full international participation, whilst at the same time preserving local customs in the development of their activities. These words serve as exceptions. IASB is committed to develop and approve a single set of global accounting standards (that is known as International Financial Reporting Standards), which require transparent and comparable information in the general purpose of financial statements. In November 2003, the Council of IFAC approved a set of reforms designed to strengthen international audit stan­dard-set­ting processes, achieve con­ver­gence to international standards, and ensure that the international ac­coun­tancy pro­fes­sion is re­spon­sive to the public interest. IFAC organizes about 40 high-quality technical meetings per year, whose scheduling, scope, and ways of participation can be accessed through our webpage. The International Federation of Accountants (IFAC) has called on G20 leaders to strengthen commitments to sustainability, transparency, integrity, regulatory consistency, and global collaboration. The best papers presented at the Congress in the area of applications, by a young author, or as an interactive paper, are also awarded. Imprint | © 2016 International Federation of Automatic Control. – Standard setting no longer a function of many IFAC member bodies. A new report from the International Federation of Accountants (IFAC) highlights what professional accountants need to do to prepare for a finance leadership role.. IPSASB Issues Exposure Draft to Clarify Guidance on Borrowing Costs. In February 2020, the European Commission (EC) launched a public consultation on a revision of the EU Non-Financial Reporting Directive (NFRD). IFAC (2011), Facts About IFAC. As to what IFAC does, a primary function of the organization is to set professional standards. 2019. A fundamental role in the dissemination of automatic control science and technology is also achieved by IFAC through the editorship of eight prestigious archival journals: Automatica, Control Engineering Practice, Annual Reviews of Control, Engineering Applications of Artificial Intelligence, Journal of Process Control, Mechatronics, Nonlinear Analysis: Hybrid Systems, and IFAC Journal of Systems and Control, which are known as IFAC Journals and published in partnership with the official IFAC publisher, Elsevier. The relevance of education is emphasized through the Harold Chestnut Control Engineering Textbook Prize. In November 2003, the Council of IFAC approved a set of reforms designed to strengthen international audit standard-setting processes, achieve convergence to international standards, and ensure that the international accountancy profession is responsive to the public interest. 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