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
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
Five Ways CFOs Can Support Better Management of Natural CapitalNatural capital—forests, air, rivers, minerals, oceans, land—is the bedrock of life and underpins all other forms of capital, including financial. Society, economies, and businesses rely upon this natural capital for survival. But do businesses’...
by Sandra Rapacioli, Head of Sustainability Research and Policy, Chartered Institute of Management Accountants | May 20, 2014
Bringing the Global Perspective to the Individual LevelIFAC staff recently created a new sustainability group to connect and exchange ideas on sustainability issues at the global and local level.
by Vincent Tophoff, Senior Technical Manager, IFAC | May 16, 2014
Using Management Accounting to Drive Environmental PerformanceAre organizations using management accounting tools, such as activity-based costing and management (ABC/M), to manage environmental impacts? As with a traditional ABC/M model, an environmental ABC/M model leverages an organization’s emissions...
by Anthony Pember, Chief Executive Officer, Pilbara Group, Mark Lemon, Manager, Global Public Sector Practice, Grant Thornton LLP and Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | April 25, 2014
News and Resources
There are 901 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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