Listen to IAASB member and Task Force Chair, Marek Grabowski, discuss the extended external reporting (EER) Consultation Paper that includes the first part of the draft guidance for practitioners applying International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information,
Attend the IAASB's webinars on the challenges and possible actions that the IAASB is exploring it its current Consultation Paper, which is open for public comment until September 12, 2019.
Emerging technologies and digitalization are reshaping business models and finance and accounting practices. TAG’s goal is to provide high-level strategic input to IFAC on emerging technology trends and issues impacting the global accountancy profession and facilitate information exchange and awareness raising.
In today’s digital age, many people have at some point wondered whether their online accounts have been compromised or have been part of a large data breach.
Like a lot of the issues that make the news on a regular basis, we can become desensitized to cyber risks, but it is imperative, especially for organizations of all sizes, to be vigilant and educate their employees and stakeholders on proper protocols and procedures for minimizing risk. Accounting professionals are in a unique position to address cybersecurity.
The International Federation of Accountants (IFAC) today submitted its response to the IFRS Foundation’s Consultation Paper on Sustainability Reporting, issuing a resounding “yes” to the question of whether an international sustainability standards board is needed to lead a coherent global system of interconnected corporate reporting that will rationalize the current fragmented ecosystem for sustainability information.
Reiterating the themes of its September 2020 call-to-action, Enhancing Corporate Reporting: The Way Forward, IFAC calls for the creation of the new board alongside the IASB under the IFRS Foundation. The proposed board would address the urgent and growing demand from investors, policy makers and regulators for a reporting system that delivers consistent, comparable, reliable, and assurable information relevant to enterprise value creation, sustainable development, and evolving stakeholder expectations.
“This is a significant opportunity to bring new relevance to professional accountants’ work in corporate reporting and assurance and will advance the public interest,” said IFAC CEO Kevin Dancey. “The accountancy profession must continue to play an active role in helping companies, economies, and societies achieve a more sustainable future, made all the more urgent due to the climate emergency. IFAC stands ready to engage with the IFRS Foundation, as well as our member organizations and other stakeholders, to ensure the success of this important initiative.”
IFAC encourages our members and other stakeholders to review our response and engage in this important conversation with the IFRS Trustees.
About IFAC IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.
Reiterates Call for International Sustainability Standard-Setting Board Under the IFRS Foundation, Encourages Accountancy Profession to Support a Sustainable Future
