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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.
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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. Read More
by Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | July 9, 2014 |
Assessing the economic impact of hosting a major international tournament involves a wide range of factors. In many instances, the costs exceed original expectations and highlight the importance of sound budgeting, monitoring, financial management, and consideration for issues of sustainability. Read More
Know Your Boundaries
by Stathis Gould, Head of Professional Accountants in Business | June 23, 2014 |
The Climate Disclosure Standards Board’s proposals for boundary setting in reporting are of practical assistance to professional accountants as they cover boundary setting for non-financial reporting purposes generally as well as for climate change or environmental reporting purposes. Read More
When Does the Climate Risk Tsunami Arrive?
by Stathis Gould, Head of Professional Accountants in Business | May 28, 2014 |
Shell and ExxonMobil recently released reports for shareholders on climate change and carbon asset risk—they show the potential influence of concerted shareholder activism and indicate sophisticated management accounting practices underlying their decisions and management processes. Read More
Five Ways CFOs Can Support Better Management of Natural Capital
by Sandra Rapacioli, Head of Sustainability Research and Policy, Chartered Institute of Management Accountants | May 20, 2014 |
Natural capital—forests, air, rivers, minerals, oceans, land—is the bedrock of life and underpins all other forms of capital, including financial. Society, economies, and businesses rely upon this natural capital for survival. But do businesses’ understand the extent to which they do? How can CFOs and management accountants support better management of natural capital and ecosystems? Read More
Bringing the Global Perspective to the Individual Level
by Vincent Tophoff, Senior Technical Manager IFAC | May 16, 2014 |
IFAC staff recently created a new sustainability group to connect and exchange ideas on sustainability issues at the global and local level. Read More
- Can Sustainability Standards Build Stronger Businesses and Better Informed Investors?
May 7, 2015 - Forbes
- Corporate Reporting Giants Publish Reporting Framework Navigation Tool
May 6, 2015 - Environmental Leader
- Materiality Matters: Why Don't Companies Have to Disclose Sustainability Risk?
April 28, 2015 - Green Biz
- Can Manufacturing Lead the Way to a Sustainable Future?
April 22, 2015 - Green Biz
- Project and Investment Appraisal for Sustainable Value Creation
August 14, 2013 - IFAC
- GRI Reporting Framework (G4)
January 1, 2013 - Global Reporting Initiative