The IESBA Releases Update on Sustainability Work

English

Earlier today, the IESBA released "Continuing with the Development of Global Ethics and Independence Standards for Sustainability Reporting and Assurance," a publication providing an overview of the sustainability-related decisions made by the Board at it's recent meeting and how those decisions will shape the Board's work in 2023 and beyond.

On December 2, 2022, the Board unanimously approved two new projects that will deliver the following:

Sustainability Project

  • Profession-agnostic independence standards for use by all sustainability assurance practitioners
  • Specific ethics provisions relevant to sustainability reporting and assurance 

Experts Project

  • Specific ethics and independence provisions addressing the use of experts by organizations as well as in the context of audit and assurance engagements (including sustainability assurance) 

Read more here.

Shares Upcoming Strategy, Including Timeline and Information on Global Roundtables

Adapter Vos Programmes de Formation Aux Nouvelles Tendances

Connecting Your Educational Programming to Emerging Trends

Ce nouveau rapport guidera les organisations comptables professionnelles dans la manière dont elles peuvent agir aujourd'hui pour préparer leurs membres actuels et futurs à saisir les opportunités présentées par les tendances émergentes en utilisant les informations du groupe consultatif et de développement des organisations comptables professionnelles de l'IFAC.

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Expanding Roles in Sustainability and Digital Transformation Priorities for Professional Accountants in Business and the Public Sector

New York, New York English

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. 

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

EFAA-IAASB-IFAC Webinar: Audits of Less Complex Entities Update

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This webinar will update attendees on planned changes to the International Auditing and Assurance Standards Board’s proposed standard for Audits of Less Complex Entities (ISA for LCE), including changes since the Exposure Draft and the forecasted project timeline, as well as provide an opportunity for participants to ask questions. This one-hour webinar is organized by the European Federation of Accountants and Auditors for SMEs (EFAA), IAASB and IFAC and will include speakers from all three organizations.

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