The International Federation of Accountants (IFAC) issued Action Plan for Fighting Corruption and Economic Crime in September 2022 to enhance the accountancy profession’s contribution to, and support of, a robust anti-corruption ecosystem.
The International Federation of Accountants (IFAC) released a report in November 2022 that focused on corporate emissions reduction reporting and found that inconsistency and incomparability of target disclosures may pose challenges for investors, regulators, and other stakeholders who require...
The body that sets global auditing rules published its proposed strategy for the years 2024-27, saying it wants to set the first international rules for checking sustainability disclosures.
The International Auditing and Assurance Standards Board, launching a consultation on the proposals Wednesday...
New globally accepted standards aim to improve investor confidence and “reduce the risk of material misstatements”.
The International Auditing and Assurance Standards Board (IAASB) has published a public consultation for its 2024-27 proposed strategy and work plan, with it wishing to develop an...
With uncertain economic times often presenting new opportunities for criminal activities, all actors—public and private—need to work together to counteract financial fraud, including money laundering. Failure to do so can have devastating consequences, funding other serious crimes, including slavery and drug trafficking.
IFAC Board Technical Advisor for Lei (Stone) Yan
China
Bo Mu works in the Research and Development Department of the Chinese Institute of Certified Public Accountants, an organization he joined in 2017. He was honored with the excellent communist of Ministry of Finance of China in 2021, and the Youth May Fourth medal of Ministry of Finance of China in 2022.
Bo Mu was awarded the Degree of master of science in finance at University of Newcastle (UK) in November 2016.
Companies operating globally will soon face mandatory sustainability reporting requirements, which must be audited. Initially, the checks will be less strict than for financial reporting, but that is expected to change.
In this podcast, Ian provides his take on recent public sector financial management developments including sustainability reporting and future pressure on the standard setter in light of increased adoption of accruals accounting.
Businesses should be careful not to let the legal and regulatory requirements being introduced in the sustainability disclosure arena to overshadow the need to embed sustainability into core business operations.
To adequately incorporate sustainability factors into core operating functions...
The Association of Chartered Certified Accountants and the International Federation of Accountants released a joint report Thursday on fostering the professionalization of the public finance workforce and building its capabilities to improve public financial management.
PFM reforms are government...