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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. Read More
A growing belief that increasing levels of social inequality and natural environment degradation were pressing problems that the capitalist system was failing to resolve had led many stakeholders to advocate for changes in measurement and corporate reporting as a potentially powerful “lever” that could move the discussion from “Reimagining” to “Reshaping” capitalism.
This conversation covered the industry from nearly all angles touching on public policy debates, the war for top talent and what’s at stake if CPAs don’t lead the charge for fiscal change in the United States.
Jessica Fries, Executive Chairman of the Accounting for Sustainability Project set up by the Prince of Wales, talks about the role of the profession in helping business meet climate change challenges.
The Costing the Earth film, with Stephen Fry and Al Murray, explains the thoughts behind the need to embed sustainability into organizations' DNA.
The Paris Agreement on climate change is a historic turning point. Together, governments are sending a decisive market signal that the transition to a thriving clean economy is inevitable, irreversible and irresistible.
Climate change poses challenges for Canadian businesses. As an accountant, learn how you are ideally placed to contribute to adaptation strategies to make your organization or client more resilient.
This article focuses on the emerging trend in certain countries of reducing GHG emissions while growing GDP.
- Prince Charles Proposes Meaningful Measures to Capture Non-Financial Value
July 19, 2016 - The Accountant
- Brexit Will Force EU Countries 'To Make Deeper, Costlier Carbon Cuts'
July 18, 2016 - Guardian
- The Fastest-Growing Cause for Shareholders Is Sustainability
July 13, 2016 - Harvard Business Review
- The Value(s) of Sustainable Investing
July 8, 2016 - Morning Star
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