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 52 articles
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
It Is Time for Africa to Accelerate Implementation of Integrated Thinking and ReportingAdopting integrated thinking and IR will contribute to improving decision making, transparency and accountability especially as to how organizations in the public and private sector are creating value and contributing towards improving lives of...
by Patrick Kabuya, Senior Specialist, World Bank Group | February 2, 2018
Internal Controls and Sustainability Data: Closing the Confidence Gap in the Quest for ValueThe calls for increased use of sustainability data to drive and communicate enterprise value are not going away [enterprise value can also be loosely referred to as non-financial, balanced scorecard, performance dashboard, environmental, social,...
by Jeffrey C. Thomson, CMA, CAE, IMA President and CEO | November 20, 2017
News and Resources
There are 901 news/resources
Reporting Matters–WBCSD 2018 Report
World Business Council for Sustainable Development - May 22, 2018
The One National Conference 2018
CPA Canada - May 16, 2018
A4S Essential Guide on Strategic Planning, Budgeting and Forecasting
A4S - April 11, 2018
CO2 Staat Nauwelijks op de Financiële Agenda
NBA - March 12, 2018
PwC to Switch to 100% Renewable Energy by 2022
Accountancy Age - January 29, 2018
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