Professional accountants have an active role to play in determining the way climate change information is reported in the upcoming 2021 reporting cycle and is enhanced in future years.
In a new statement released today, IFAC continues to advocate and support the profession’s role in enabling climate action by providing transparency and insights on the financial impacts of climate change.
In this statement, IFAC:
Summarizes the information concerns of investors, regulators, and policy makers.
Reviews current standard-setter responses.
Recommends how, and the extent to which, companies and accountants can address these concerns in the 2021 reporting cycle.
Small and midsized accountants were crucial to their clients around the world over the past year, say IFAC experts Chris Arnold and Monica Foerster, but they had to change their own practices to keep up.
In this exclusive interview for ICMA Pakistan Management Accountant Journal, IFAC's Director of Accountancy Education, Helen Partridge, explains IFAC's approach to assisting the global accounting profession through education.
IFAC is pleased to respond to the IFRS Foundation’s Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards (the “Exposure Draft” or “ED”).