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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. Read More
by Andrew Knauer, Senior Analyst, Just Capital, George Serafeim, Associate Professor of Business Administration, Harvard University School of Business and Stathis Gould, Head of Professional Accountants in Business, IFAC | October 9, 2014 |
Research shows that integrated thinking and reporting can have a positive impact on the type of investors your company attracts—those who are in it for the long-term and looking for sustainable value creation. Read More
Carbon Accounting for Small Businesses: How Accountants Can Help Everyone Be Greener
by David York, Head of Auditing Practice, ACCA | September 24, 2014 |
New guidance from the ACCA is intended to help accountants advise SMEs on how to establish and operate carbon accounting. Read More
Small- and medium-sized entities (SMEs) might think that sustainability is only relevant to large companies—that for a small business, the administrative and financial costs outweigh the benefits. Moreover their accountants will tell you it is a hard sell getting SMEs to embrace sustainability. However, SMEs that integrate sustainability into their core business strategy can benefit from lower costs, reduced risk, and new opportunities. And their accountants, typically operating in small- and medium-sized practices (SMPs), can play a key role in their journey. Read More
Lasting Legacy or Long-Term Liability? Is It Only a Numbers Game When Hosting Major International Tournaments?
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
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
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- Corporate Reporting a Driver for Sustainable Development
November 6, 2015 - The Accountant
- China Burns Much More Coal Than Reported, Complicating Climate Talks
November 4, 2015 - New York Times
- IFAC Calls for International Agreement on Global Emissions
October 15, 2015 - IFAC
- 2014 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
October 8, 2014 - International Auditing and Assurance Standards Board
- Project and Investment Appraisal for Sustainable Value Creation
August 14, 2013 - IFAC
- Principles for Effective Business Reporting Processes
January 17, 2013 - IFAC
- GRI Reporting Framework (G4)
January 1, 2013 - Global Reporting Initiative