In The News

 

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, ...

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...

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).

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."

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.

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 ...

Forbes June 17, 2021

Improving Accountability Around The World Through Accruals

The Index analyzes data from across 165 jurisdictions to understand the accounting bases and frameworks used in public sector financial reporting, specifically with a view to track the adoption of accrual reporting. By providing a comprehensive view of government finances, accrual...

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...

CFODive.com June 1, 2021

CFOs' Essential Role in Promoting Employee Mental Health

For professional accountants, mental health issues heighten the risk of not identifying errors in financial reports or spotting indicators of fraud. In this recent article, Russell Guthrie, CFO of the International...

Accounting Today May 14, 2020

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Voices In crisis, small businesses need small accounting firms

[SMEs] need the support of accountants whom they know and trust. Small and midsized accounting practices should be their preferred partners. Why? Because the unfortunate reality is that many SMPs know firsthand what SMEs are going through. 

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