Developing the Accountancy Profession

Accounting Basics for New and Veteran Investors, an IFAC & IOSCO World Investor Week Series

October 17, 2022

 

As the global voice of the accounting profession, IFAC understands that promoting financial literacy is essential to our mandate to serve the public interest. Grasping the fundamentals of accounting allows non-accountants to articulate the ways in which accounting intersects with their own experiences, financial and professional. IFAC’s engagement with the International Organization of Securities Commissions’ (IOSCO) World Investor Week was formed out of this desire to enhance the financial literacy of non-accountants by providing accessible information about how and where accounting and investing intersect, given IFAC’s unique area of expertise.

Last year, for IOSCO’s World Investor Week event, IFAC produced a video entitled “Understanding ESG Reporting” to help break down how sustainable finance is reported and regulated. The video became the IFAC YouTube channel’s third most watched video, making it clear that there is demand for video content that clearly and concisely conveys accounting basics.

This year for World Investor Week, IFAC created three new videos explaining evergreen accounting concepts so that they can be understood by first-time and lifelong investors alike. They aim to provide an overview of the services provided by accountants, and tools used by accountants, which can be accessed to help investors (but also the general public/potential investors) better understand the financial well-being of potential investments and to foster trust in the accountancy profession. 

 
 

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