Enabling Sustainability a Priority for Accountants in Business & Public Sector

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IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on key global trends impacting the future readiness of the accountancy profession in a new report Enabling Purpose Driven Organizations: PAIBs Leading Sustainability and Digital Transformation.

This report includes highlights from the PAIB March 2021 meeting, focusing on:

  • Enabling value creation and sustainability 
  • Delivering on climate change 
  • How procurement and supply chain operating models are changing the role of finance functions 
  • The changing nature of work and remote finance Gen Z and the future of accountancy 
  • Public sector priorities to support COVID-19 recovery

IFAC PAIB Advisory Group Chair Sanjay Rughani says: “It is important we continue to drive forward the key areas of the PAIB agenda and share our learnings across the global accountancy profession. Together, we can enable a PAIB-relevant profession that is attractive to the new generation entering the workforce.”

Access the report and additional insights.

IFAC and CPA Canada Release Report on The Professional Accountant’s Role in Data

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Together with Chartered Professional Accountants of Canada (CPA Canada), today the International Federation of Accountants (IFAC) released The Professional Accountant’s Role in Data.  

As economies digitize, the accountancy profession must adapt to contribute strategically. The Professional Accountant’s Role in Data outlines a new model, the data management value chain, in which accountants can, by building upon key competencies, reimagine their roles to meaningfully contribute to the digital economy.  

Stathis Gould, director of advocacy at IFAC says: "This is an urgent and opportune moment for the accountancy profession to leverage the disruption of the expanding digital economy, embrace enhanced roles in the data management value chain, and guide businesses and organizations of all kinds into a sustainable and prosperous future." 

The Professional Accountant’s Role in Data is featured on both the IFAC and CPA Canada’s websites and available to download for free. 

About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.

For more information about CPA Canada, visit www.cpacanada.ca. 

Survey Consultation: Work Plan, 2022-2023

The IAASB is consulting on its Work Plan for 2022–2023 through an online survey. Guided by its strategic objectives for 2020-2023, the IAASB’s current—and future—work is tailored to serve the public interest. The survey is designed to help the IAASB develop its Work Plan for 2022–2023 through understanding what is important to its stakeholders.

IAASB
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Help Shape the IAASB’s Future Work

New York, New York English

The International Auditing and Assurance Standards Board (IAASB) today issued a survey on its Work Plan for 2022–2023. Guided by its strategic objectives for 2020-2023, the IAASB’s current—and future—work is tailored to serve the public interest. The survey is designed to help the IAASB develop its Work Plan for 2022–2023 through understanding what is important to its stakeholders.

The survey asks respondents for their views on the IAASB’s ongoing projects and possible future topic priorities. It will be open until Thursday, August 5, 2021. Respondents must submit their views using our survey online tool.

To help stakeholders thoughtfully consider and respond, and conduct any appropriate outreach to consolidate feedback, a Word version of the survey is available on the IAASB website to share questions and prepare responses. The IAASB and this work plan survey will benefit from the new Framework for Activities, developed to provide clearer criteria and increased transparency for project selection and prioritization.

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