Professional Accountants in Business
Professional accountants in business (PAIBs) are a very diverse constituency. They can be found working in commerce, industry, financial services, education, and the public and not-for-profit sectors and can be employees, consultants, or owners. Many are in a position of strategic or functional leadership or otherwise well-placed to collaborate with colleagues in other disciplines to help drive their organizations’ long-term sustainable success.
Professional accountants support their organizations in a wide range of job functions at various levels, including leadership and management; operational; management accounting and control; and accounting and stakeholder communications.
The key roles and expected areas of competency of PAIBs are highlighted further in Competent and Versatile: How Professional Accountants in Business Drive Sustainable Organizational Success and an accompanying employer-focused brochure.
The PAIB Committee provides leadership and guidance on relevant issues pertaining to professional accountants in business and the business environments in which they work.
Integrating Governance for Sustainable Success
Competent and Versatile: How Professional Accountants in Business Drive Sustainable Success
Good governance is about more than the protection of stakeholders' interests or compliance with regulatory requirements. This report uses case studies from around the world to illustrate how professional accountants in commerce, industry, financial services, education, and the public and not-for-profit sectors support their organizations in integrating governance into the key drivers of sustainable organizational success, previously identified in Competent and Versatile: How Professional Accountants in Business Drive Sustainable Organizational Success. These drivers are the building blocks for integrating governance in all aspects of an organization.
Organizational needs are evolving faster than ever, and professional accountants need to adapt to these changes to best serve their employers, and maintain relevance and public trust. With this new publication, the PAIB Committee promotes the diverse contributions of professional accountants as creators, enablers, preservers, and reporters of sustainable value in leadership, management, analyst, and controller roles. These roles go far beyond the stereotypical perceptions of accountants and demonstrate to employers how they can capitalize on professional accountants' training, knowledge, and skillsets.
Focuses on IFAC's initiatives to support professional accountants in business.
The PAIB has six key interest areas:
- Roles, Domain, and Competences of PAIBs
- Governance and Ethics
- Sustainability and Corporate Responsibility
- Risk Management and Control
- Financial and Performance Management
- Business Reporting
INTERNATIONAL GOOD PRACTICE GUIDANCE
- Preface to IFAC's International Good Practice Guidance
- Defining and Developing an Effective Code of Conduct for Organizations
- Evaluating and Improving Costing in Organizations
- Evaluating and Improving Governance in Organizations
- Evaluating and Improving Internal Control in Organizations
- Predictive Business Analytics: Improving Business Performance with Forward-Looking Measures
- Principles for Effective Business Reporting Processes
- Project and Investment Appraisal for Sustainable Value
RECENT PROFESSIONAL ACCOUNTANTS IN BUSINESS RESOURCES