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 46 articles
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
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
News and Resources
There are 885 news/resources
Project and Investment Appraisal for Sustainable Value Creation
IFAC - August 14, 2013
Principles for Effective Business Reporting Processes
IFAC - January 17, 2013
Upcoming: World Forum on Natural Capital: November 27 & 28
World Forum on Natural Capital - October 18, 2017
Accounting for Climate Change
EY - October 3, 2017
Sustainability Reporting Implementation Roadmap
Institute of Singapore Chartered Accountants - September 25, 2017
Leveraging the COSO Internal Control—Integrated Framework to Improve Confidence in Sustainability Performance Data
Institute of Management Accountants - September 14, 2017
Sustainable Development Goals
Strategic Finance - September 8, 2017
CPA Canada Explores Global Best Practices in Investment Strategies for Climate Change
CPA Canada - August 28, 2017
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