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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.
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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
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The Natural Capital Coalition is a global, multi stakeholder open source platform for supporting the development of methods for natural and social capital valuation in business.
Natural capital depletion will become one of the most prominent business concerns in the 21st Century. And yet it is one issue that remains an ‘elephant in the boardroom’ - absent from most corporate accounts and business models and largely ignored by investors as boardrooms continue to focus on short-term pressures. This report from CIMA, EY, the International Federation of Accountants (IFAC) and the Natural Capital Coalition, calls for finance professionals to take action.
Natural capital depletion will become one of the most prominent business concerns in the 21st Century. And yet it is one issue that remains an ‘elephant in the boardroom’ - absent from most corporate accounts and business models and largely ignored by investors as boardrooms continue to focus on short-term pressures.
This report shows how business leaders can strategize and implement changes in organizational behavior related to valuing natural capital in their companies.
- Water Accounting: A New Frontier for California
August 17, 2016
- Singapore Lags behind in Sustainability Reporting
August 8, 2016 - The Accountant
- Dear Corporate Canada: It's Time to Pay for Your Part in Climate Change
August 4, 2016 - Guardian
- Companies’ Green Strategies: In the Thicket of It
August 1, 2016 - The Economist
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