IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
The importance of sustainability and corporate responsibility continue to gain recognition; indeed, organizations that embrace sustainability can enhance their reputation with stakeholders and their value. The intersection of business and sustainability has three key dimensions: economic viability, social well-being, and environmental responsibility. Accountants work in this area to help embed sustainability factors into an organization’s strategy and decision-making processes to achieve sustainable value creation. See the full overview.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | February 12, 2018
Financial modelling that enables an understanding of how a Product-as-a-Service model can be viable and represented by financial statements will help to unlock new investment in new innovative and sustainable business models.
There are 54 articles
How Strong Public Financial Management in Nigeria Will Support Sustainable GrowthAs African economies continue to strengthen, it is important that arrangements for good governance and strong public financial management are in place.
by Gillian Fawcett, Head of International, CIPFA | June 14, 2018
The CO2 Reduction Approach by Companies Is InadequateA new survey shows that few companies are proactively trying to reduce their greenhouse gases—many companies have no specific targets in this area.
by Erik Kolthof, Senior Advisor, Royal NBA and Lucas Geusebroek, Project Lead Circular Economy, Royal NBA | June 4, 2018
Better Risk Management: It’s about SurvivalCompanies who understand and manage their risks fair better in the global economy and at home—in many cases, they attract better employees and better investments, which often translate into growth and sustained success.
by Rodney Irwin, Managing Director of Redefining Value and Education, World Business Council for Sustainable Development | May 4, 2018
Sustainability Reporting Will Create Long-Term Business and Investor ValueThe average US public company today has a life span of 30 years—annually, one in ten fails and the average five-year mortality risk is 32% and the average age of an S&P 500 company is under 20 years, down from 60 years in the 1950s—what’s going...
by Johanna Tähtinen, Associate, World Business Council for Sustainable Development | May 1, 2018
Research Insights—Integrated Report Quality: Capital Market and Real EffectsHigher-quality information for internal and external stakeholders is associated with improved decision making; given that, how is integrated report quality related to firm value?
by Elmar R. Venter, Associate Professor of Accounting, University of Pretoria in South Africa, Li Chen, Senior Lecturer in Accounting, University of Auckland Business School, Mary E. Barth, Joan E. Horngren Professor of Accounting, Stanford University, Graduate School of Business and Steven Cahan, Professor of Financial Accounting, University of Auckland Business School | March 18, 2018
News and Resources
There are 895 news/resources
Project and Investment Appraisal for Sustainable Value Creation
IFAC - August 14, 2013
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
Canadian Perspectives on Implementing the TCFD Recommendations
CPA Canada - October 4, 2018
TCFD Implementation Workshop, San Francisco
A4S - August 20, 2018
Task Force on Climate-Related Financial Disclosures (TCFD): Overview
CPA Canada - August 15, 2018
A Primer on Greenhouse Gas Emissions Management
CPA Canada - July 2, 2018
CPA Canada's Joy Thomas Talks Climate Change and the Role of Accountants with BoE Governor Mark Carney
CPA Canada - June 4, 2018
The Significance of Climate-Related Risks for Business
Chartered Accountants ANZ - May 31, 2018
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