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 44 articles
Extending Environmental Cost Accounting to the Supply ChainRecent changes from the International Organization for Standardization to extend material flow cost accounting (MFCA) to include supply chain management is a welcome step and a further development since IFAC published International Guidance...
by Dr Katherine Christ, University of South Australia and Professor Roger Burritt, The Australian National University | June 9, 2017
The Corporate Social Responsibility Trade-off MythCorporate social responsibility does not require a trade-off but rather improves the balance between stakeholders.
by Doreen Remmen, CFO, Institute of Management Accountants | April 24, 2017
Accountants Are Going to Save the WorldDuring a storm in the Pacific Ocean in 1992, a sea container with 28,800 rubber ducks fell overboard from ship travelling from China to the US. The toys were carried by winds and ocean currents, and eventually washed up on shores in North America...
by Berry Wammes, Executive Director, Royal Nederlandse Beroepsorganisatie van Accountants | November 15, 2016
Integrated Reporting: An Emerging OpportunityIntegrated reporting, and specifically the multiple capital model that drives the quantitative core of the reporting framework, opens entirely new avenues for accountants to deliver value to internal and external users.
by Dr. Sean Stein Smith DBA, CMA, CPA, CGMA, CFE, Assistant Professor of Professional Practice, Rutgers University | November 14, 2016
News and Resources
There are 873 news/resources
Project and Investment Appraisal for Sustainable Value Creation
IFAC - August 14, 2013
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
This Isn't Just Any Sustainability Plan, This Is an M&S Plan
ICAS - June 18, 2017
Climate Change Briefing: 20 Questions Directors Should Ask
CPA Canada - May 23, 2017
Bridging the Gap on ESG Reporting through Dialogue
CPA Canada - May 12, 2017
Climate Change: New Global Recommendations for Corporate Reporting
Institute of Chartered Accountants in England and Wales - January 17, 2017
The Importance of Sustainability Accounting and Reporting in Assessing a Firm: A Student’s Perspective
Accounting Today - January 12, 2017
Carrot Outweighs Stick for U.S. Sustainability Reporting
Bloomberg BNA - December 30, 2016
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