The International Federation of Accountants (IFAC), World Bank Group MENA Governance Global Practice, and the Arab Federation of Accountants and Auditors (AFAA) are pleased to announce the organization of another webinar in the PFM series, focused on the transition from cash to accrual accounting in the MENA region.
Simultaneous live interpretation will be available in English and Arabic.
This webinar is co-hosted by the International Federation of Accountants (IFAC) and World Bank MENA Group and will provide participants with access to experts, opportunities to discuss, and a regional forum for collaboration.
The accounting profession is undergoing a reexamination of its efforts to address the lack of diversity, not only in the U.S. but in other parts of the world.
Last month, the Institute of Management Accountants, the California Society of CPAs and the International Federation of Accountants released a...
The Fast Future With IFAC is a conversational podcast series that features innovative SMP practitioners sharing how they’re adapting to the rapidly changing global economy.
Episode three features a conversation with Andrew Van De Beek, a member of the Chartered Accountants of Australia and New Zealand (CAANZ). His firm, Illumin8, is based on the Mornington Peninsula near Melbourne, Australia.
IFAC principal Kristy Illuzzi spoke with Andrew about a range of pressing topics for SMPs, including:
Choosing technology investments
Cybersecurity
Workplace culture and mental health
Achieving practice transformation
Click below or visit IFAC's iTunes podcast channel to listen to this episode. Be sure to subscribe to catch our next conversation with an innovative practitioner, coming soon.
Audit fees in Canada hit a seven-year high in 2020 despite pandemic lockdowns and business restrictions, according to a new study from the International Federation of Accountants.
Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants.
As the global voice of the accountancy profession, IFAC has supported a global system for delivering consistent, comparable and assurable sustainability information. Such disclosure must become a core component of the corporate reporting ecosystem that helps stakeholders assess objectives and progress towards addressing the climate crisis and other important environmental, social, and governance matters. European Sustainability Reporting Standards can play an important part in aligning global and jurisdictional-specific goals.
IFAC supports the view that sustainability disclosure requirements should be developed to capture and measure what really matters and to facilitate adoption and implementation in an internationally compatible manner. Alignment between global and jurisdiction-specific requirements, to the extent possible, is key for companies who operate across national borders, who compete for capital globally, and who are working towards a more sustainable future.
IFAC CEO Kevin Dancey said “Collectively, we have an historic opportunity to embrace equivalency and interoperability in sustainability initiatives around the world, to leverage the work of existing high-quality sustainability frameworks, and to avoid costly regulatory fragmentation and complexity. Toward this end, IFAC strongly supports the ISSB’s recently announced working group that will establish dialogue for enhanced compatibility between the ISSB’s recent exposure drafts and ongoing jurisdictional initiatives like that of the European Union.”
The European Commission’s ambitious Corporate Sustainability Reporting Directive seeks to put sustainability-related reporting on the same footing as traditional financial reporting—addressing what sustainability information must be reported and requiring its assurance, among other important elements that can enhance corporate reporting. We hope this important work ultimately contributes to—and amplifies the impact of—an emerging global sustainability disclosure system.
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 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.
Welcomes EFRAG’s public consultation on European Sustainability Reporting Standards (ESRS) exposure drafts
