Professional accountants in business are diverse, working in commerce, industry, financial services, education, and the public and not-for-profit sectors as employees or advisers. Many are in a position of strategic or functional leadership or otherwise well-placed to collaborate with colleagues in other disciplines and help drive their organizations’ sustainable success.
Professional accountants support their organizations in a wide range of job functions, including leadership and management; operational; management accounting and control; and accounting and stakeholder communications.
The Professional Accountants in Business (PAIB) Committee provides leadership and guidance on relevant issues pertaining to professional accountants in business and the business environments in which they work. The PAIB Committee focuses on multiple topic areas: the roles, domain, and competencies of accountants in business; governance and ethics; sustainability and corporate responsibility; risk management and control; financial and performance management; and business reporting.
Global Knowledge Gateway
Have you visited the Global Knowledge Gateway, your portal to global accountancy knowledge, resources, and news? The Gateway is a digital hub hosted by IFAC for the global accountancy profession providing a streamlined access to key resources, news, views, discussions, and thought leadership from around the world. Topics include: business reporting, ethics, financial leadership & development, governance, performance & financial management, sustainability, and risk management and internal control.
Accounting for Sustainability. From Sustainability to Business Resilience.
In support of accountants developing a greater awareness of how they can help their organizations address issues of sustainability and more fully incorporate these issues into business strategy, this briefing clarifies the important role accountants can, and must, play in embracing sustainability and linking sustainability to a broader business agenda and strategy. In addition to highlighting the key elements of developing a sustainable strategy, and how professional accountants can help address opportunities and challenges, the briefing includes references to some of the many resources and tools available to professional accountants to help develop their knowledge and skillset.
From Bolt-on to Built-in: Managing Risk as an Integral Part of Managing an Organization
Effective management of risk helps organizations achieve their objectives, while complying with legal, regulatory, and societal expectations, and enables them to better respond and adapt to surprises and disruptions. This paper argues that the management of risk as an indispensable and integral part of decision making and subsequent execution in order for boards and management to ensure their organization makes the best decisions and achieves its objectives.