In The News
Le Monde du Chiffre June 28, 2021
Sustainable Insurance: New Study Highlights Lack of Standardization
Assurance Durable : Une Nouvelle Étude met en Évidence le Manque de Normalization
A global comparative study by the International Federation of Accountants (IFAC) and the Association of International Certified Professional Accountants (AICPA) highlighted significant differences between countries in sustainability assurance.
The Accountant Online June 24, 2021
Study Reveals Lack of Standardization in Sustainability Assurance
Global practices for sustainability reporting and assurance over that information varies widely by jurisdiction, according to a study from IFAC and the AICPA & CIMA (representing the Association of International Certified Professional Accountants).
Accounting Today June 24, 2021
Accountants support global vaccine effort
IFAC will work with Gavi and the Global Fund to contribute to, and support, the implementation of robust accounting practices in public health and to improve the overall financial management of donor funds by countries receiving those funds. Under the memorandum of understanding that the...
Monitor Daily June 24, 2021
Global Sustainability Assurance Practices Lack Standardization
Global practices for sustainability reporting and assurance over that information — including the prevalence of assurance, level of assurance and standard and practitioner used — varies widely by jurisdiction, ...
CFO Dive June 24, 2021
Low-Quality Assurance of ESG Reports Pose Stability Risk: IFAC
Only 51% of companies back up their reports on sustainability with assurance, a study of 1,400 companies by the International Federation of Accountants (IFAC) found, warning that low-quality assurance is an "emerging investor protection and financial stability risk."
Accountancy Today June 24, 2021
Lack of Standardization in Sustainability Assurance, says IFAC
A recent study by the International Federation of Accountants (IFAC), in partnership with the AICPA and CIMA (representing the Association of International Certified Professional Accountants), has found a lack of standardization in sustainability assurance globally.
allAfrica June 24, 2021
Global health leaders Gavi, the Vaccine Alliance and the Global Fund to Fight AIDS, Tuberculosis and Malaria have joined forces with the International Federation of Accountants (IFAC) to contribute to, and support, the implementation of robust accounting practices in the public health...
Journal of Accountancy June 23, 2021
ESG Assurance: An Emerging Opportunity for CPAs
In Europe and other parts of the world, many organizations are required to report on ESG information, and a significant portion of ESG assurance is being performed by an audit firm or an affiliated provider, according to ...
Accounting Today June 23, 2021
Sustainability Assurance Seen as Full of Inconsistencies
Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization, according to a new report.
Accountancy Today June 17, 2021
50% of governments to report on accrual basis by 2025, says CIPFA
The report was drawn from the IFAC Index, which captures current and future use of public financial reporting bases and frameworks by governments around the world. The index found that while 30% of governments report on an accrual basis in 2020 (an increase of 6% since 2018), 50% will...
