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.
There are 48 articles
Carbon Accounting for Small Businesses: How Accountants Can Help Everyone Be GreenerNew guidance from the ACCA is intended to help accountants advise SMEs on how to establish and operate carbon accounting.
by David York, Head of Auditing Practice, ACCA | September 24, 2014
The Sustainability Imperative for Small BusinessSmall- 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...
by Paul Thompson, Director, European Federation of Accountants and Auditors for SMEs | August 22, 2014
Lasting Legacy or Long-Term Liability? Is It Only a Numbers Game When Hosting Major International Tournaments?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...
by Christopher Arnold, Head of SME/SMP and Research, IFAC | July 9, 2014
Know Your BoundariesThe 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...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | June 23, 2014
When Does the Climate Risk Tsunami Arrive?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...
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | May 28, 2014
News and Resources
There are 895 news/resources
US Companies Know the Risks of Climate Change; Should They Be Required to Report Them?
Fuel Fix - October 21, 2016
CPA Canada Supports Improving Canada’s Natural Capital Stewardship
CPA Canada - October 19, 2016
Accountants "Vital" for Building a Sustainable Future
Economia - October 17, 2016
Investor Climate Disclosure: Stitching Together Best Practices
2 Degrees Investing Initiative - October 11, 2016
Islamic Finance Can Fund Sustainable Development
Reuters - October 11, 2016
How Do Current Public Integrated Reports Align with the
Maandblad voor Accountancy en Bedrijfseconomie - October 3, 2016
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