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IFAC

FOR IMMEDIATE RELEASE


	EXPANDING ROLES IN SUSTAINABILITY AND DIGITAL TRANSFORMATION PRIORITIES FOR PROFESSIONAL ACCOUNTANTS IN BUSINESS AND THE PUBLIC SECTOR

	New IFAC report explores how professional accountants in business and the public sector are stepping up to support their organizations through chaotic times

	(New York, New York, December 12, 2022)

Organizations globally are operating in an economic environment unlike any in recent memory. Finance and business leaders face a difficult balancing act between confronting short-term realities and ensuring future pathways to resilience through investment and innovation.

IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how professional accountants are navigating uncertain global conditions and expanding their roles in both the private and public sectors in a new report, Professional Accountants as Finance and Business Leaders.

The report explores the key role of PAIBs in:

Digitalization of finance and accounting, with a case study on Procter & Gamble;
Driving sustainable value creation through an integrated mindset, with a case study on Natura & Co;
Corporate governance and oversight of sustainability and ESG;
The growing B-Corps movement; and
Sustainable financing.

Sanjay Rughani, IFAC PAIB Advisory Group Chair, said: “Even in volatility and uncertainty, there are opportunities to disrupt, reinvent, and innovate to create value for businesses and for society. Professional accountants in business and the public sector must seize new opportunities in the digital and sustainability transitions of organizations and economies.”

Access the report, case studies and additional insights.



	Contact: Jennifer DiClerico Head of Communications +1-212-286-9344 jenniferdiclerico@ifac.org

Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information.
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 <td width="100%">EXPANDING ROLES IN SUSTAINABILITY AND DIGITAL TRANSFORMATION PRIORITIES FOR PROFESSIONAL ACCOUNTANTS IN BUSINESS AND THE PUBLIC SECTOR </td>
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 <td>New IFAC report explores how professional accountants in business and the public sector are stepping up to support their organizations through chaotic times</td>
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 <td>(New York, New York, December 12, 2022)</td>
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	 <div class="OutlineElement Ltr SCXW267168338 BCX0">Organizations globally are operating in an economic environment unlike any in recent memory. Finance and business leaders face a difficult balancing act between confronting short-term realities and ensuring future pathways to resilience through investment and innovation.  </div><div class="OutlineElement Ltr SCXW267168338 BCX0">IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how professional accountants are navigating uncertain global conditions and expanding their roles in both the private and public sectors in a new report, <a href="https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/professional-accountants-finance-and-business-leaders" target="_blank">Professional Accountants as Finance and Business Leaders</a>.  </div><div class="OutlineElement Ltr SCXW267168338 BCX0"><a href="https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/professional-accountants-finance-and-business-leaders" target="_blank"><img style="float: right; border: 1px solid black; margin: 5px;" src="https://www.ifac.org/system/files/images/PAIB-Finance-Business-Leaders-cover.png" alt="pic-paib-finance-business-leaders-cover" width="400" /></a> </div><div class="OutlineElement Ltr SCXW267168338 BCX0">The report explores the key role of PAIBs in:  </div><div class="ListContainerWrapper SCXW267168338 BCX0"><ul class="BulletListStyle1 SCXW267168338 BCX0"><li class="OutlineElement Ltr SCXW267168338 BCX0" data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props=""hybridMultilevel"}" data-aria-posinset="1" data-aria-level="1">Digitalization of finance and accounting, with a case study on Procter & Gamble;  </li><li class="OutlineElement Ltr SCXW267168338 BCX0" data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props=""hybridMultilevel"}" data-aria-posinset="2" data-aria-level="1">Driving sustainable value creation through an integrated mindset, with a case study on Natura & Co;  </li><li class="OutlineElement Ltr SCXW267168338 BCX0" data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props=""hybridMultilevel"}" data-aria-posinset="3" data-aria-level="1">Corporate governance and oversight of sustainability and ESG;  </li><li class="OutlineElement Ltr SCXW267168338 BCX0" data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props=""hybridMultilevel"}" data-aria-posinset="4" data-aria-level="1">The growing B-Corps movement; and  </li><li class="OutlineElement Ltr SCXW267168338 BCX0" data-leveltext="" data-font="Symbol" data-listid="7" data-list-defn-props=""hybridMultilevel"}" data-aria-posinset="5" data-aria-level="1">Sustainable financing.  </li></ul></div><div class="OutlineElement Ltr SCXW267168338 BCX0">Sanjay Rughani, IFAC PAIB Advisory Group Chair, said: “Even in volatility and uncertainty, there are opportunities to disrupt, reinvent, and innovate to create value for businesses and for society. Professional accountants in business and the public sector must seize new opportunities in the digital and sustainability transitions of organizations and economies.”  </div><div class="OutlineElement Ltr SCXW267168338 BCX0"><a href="https://www.ifac.org/knowledge-gateway/contributing-global-economy/discussion/professional-accountants-finance-and-business-leaders" rel="noreferrer noopener" target="_blank">Access the report, case studies and additional insights</a>.  </div>	 	 </td>
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		Contact: 
		Jennifer DiClerico 
		Head of Communications 
		+1-212-286-9344 
 <a href="mailto:jenniferdiclerico@ifac.org" target="_blank" style="text-decoration: none">jenniferdiclerico@ifac.org</a>
	
				 	 
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					Prepared by IFAC's Communications Department. Contact <a href="mailto:communications@ifac.org" style="text-decoration: none;">communications@ifac.org</a> for further information.

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