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 50 articles
Professional Judgment Beats at the Heart of Project and Investment Appraisal for Sustainable Value CreationProfessional accountants need to consider how they apply their professional judgment to support rigorous project and investment appraisal—this is the hallmark of being a professional.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | May 4, 2015
The Complexity and Urgency of Water: Time for the Accountancy Profession to Step UpIn the run-up to its 2015 annual meeting in Davos, Switzerland, the World Economic Forum published a report on key economic risks that captured and highlighted the opinion of experts and global decision
by Prof. Tony Allan, Professor Emeritus, King’s College London and School of Oriental and African Studies, University of London, Dr. Tony Colman, Honorary Visiting Research Fellow, Dept. of Environmental and Geographical Science, University of Cape Town and Dr. Martin Keulertz, Researcher, Humboldt University of Berlin and Texas A&M University | April 7, 2015
How Islamic Finance Facilitates Green InvestmentIslamic finance is beginning to provide investors with green financing initiatives, initiatives that have similarities and differences with their Western counterparts.
by Eli R. Khazzam, Senior Professional, Economic Development & Emerging Technologies. | March 23, 2015
Corporations, Sustainability, and Innovation: Early Results a Mixed BagI have spoken and written extensively on the role of the modern corporation in society, reflecting on the reality that expectations from society on the role and responsibilities of corporations are rapidly
by Robert G. Eccles, Professor of Management Practice, Harvard Business School | March 10, 2015
A Circular Economy Must Drive Management Accounting in the 21st CenturyA circular economy is one that produces value without producing waste; management accountants can help their companies develop sustainable business models that move them closer to a circular economy for the benefit of their customers, society,...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | October 29, 2014
News and Resources
There are 901 news/resources
Millennial Motivation: Why ESG Reporting Is an Emerging Standard
Forbes - November 28, 2016
US Sustainable Investment Soars 33 Per Cent to $8.7tr
Business Green - November 16, 2016
GRI Standards: Introduction
Global Reporting Initiative - November 14, 2016
Accounting Could Play Role in Reaching UN Global Goals
Accounting Today - November 10, 2016
Sustainable Public Finances–EU Perspectives: Seven Key Insights
Institute of Chartered Accountants in England and Wales, PwC - November 10, 2016
Global Cities Set to Miss SDG Targets, ODI Finds
Public Finance International - November 1, 2016
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