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 50 articles
Breakthrough in Financing Circular Business Models Shows Need for AccountantsFinancial 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.
by Stathis Gould, Head of Professional Accountants in Business and Integrated Reporting, IFAC | February 12, 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
Could Disclosing Climate-related Financial Information Become the New Normal?Climate change disclosures in corporate reports are common but the link to financial implications, both current and of the future, is still often missing in reporting.
by Laura Leka , Technical Manager, Global Accountancy Profession Support, IFAC | October 17, 2017
Social and Human Capital Accounting Business BenefitsSocial and human capital makes a fundamental contribution to the performance of an organization, and can be significantly enhanced or damaged by its activity.
by Kate Bowyer, CFO, The Crown Estate, and Member of the A4S CFO Leadership Network | June 27, 2017
News and Resources
There are 897 news/resources
Project and Investment Appraisal for Sustainable Value Creation
IFAC - August 14, 2013
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
PwC to Switch to 100% Renewable Energy by 2022
Accountancy Age - January 29, 2018
Enterprise Risk Management
Committee of Sponsoring Organizations of the Treadway Commission, World Business Council for Sustainable Development - January 29, 2018
Could Blockchain Be an Enabler for Climate Action?
CPA Canada - January 29, 2018
Harnessing Artificial Intelligence for the Earth
PwC - January 23, 2018
The Sustainable Development Goals: Redefining Context, Risk and Opportunity
ACCA - November 20, 2017
The Natural Capital Protocol from the Natural Capital Coalition
Natural Capital Coalition - November 17, 2017
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