IFAC welcomes the opportunity to comment on the U.S.

As key enablers of successful organizations, the career paths open to professional accountants span business and the public sector in a variety of finance and commercial-facing roles. As digital and sustainability transformations progress internationally, professional accountants have an opportunity to elevate their strategic contributions as leaders and value partners.  

IFAC’s new collection of resources, Professional Accountants as Business Leaders and Value Partners, explores how professional accountants can be future ready, data-savvy leaders who drive sustainability. These materials aim to help in understanding and navigating challenges and opportunities across various roles as finance and business leaders, risk managers and analysts, and in broader commercial roles including in procurement and supply chain management. 

Components of the new resource center include:

• Mainstreaming Sustainability in Business 
• Future-Ready CFO and Finance Function 
• Data and Digitalization 
• Case studies from a variety of entities around the world including Olam Agri, Reliance Industries, Standard Chartered Bank, Sime Darby Berhad, OMRON, Prudential Financial, Pakistan International Airlines, and more

Explore Professional Accountants as Business Leaders and Value Partners

Since IFAC issued the International Standards: 2019 Global Status Report, IFAC member organizations have continued to progress the adoption of international standards, which ultimately supports greater economic growth and financial market stability. This is especially important and noteworthy given that the last few years were exceptionally difficult as the world responded to and recovered from the COVID pandemic.

The IFAC SMP Advisory Group (SMPAG) welcomes the opportunity to provide input to the International Ethics Standards Board for Accountants (IESBA) Strategy Survey 2022.

Overall, the SMPAG supports the IESBA's focus on developments in sustainability reporting and assurance in its next strategy period. The SMPAG supports the IESBA in exploring its potential role and actions - which might not necessarily involve additional standard setting, but rather non-authoritative guidance.