Navigating the Sustainable Debt Market: Enhancing Credibility in an Evolving Market

An introduction to the trends, challenges, opportunities, and current practices related to sustainable debt instruments

Countries around the world are searching for ways to shift capital investments into activities that support the transition to a more sustainable, low-carbon economy. To finance that massive change, investors and regulators are looking to the sustainable debt market as an important vehicle in raising funds to finance projects that advance environmental, social and governance (ESG) objectives.

IFAC
English

Intellectual Property: Year in Review

The International Federation of Accountants (IFAC) works with our valued member organizations, network partners, and others to facilitate the translation of content, including standards and supporting materials from the standard-setting boards, IAASB, IESBA, and IPSASB, in almost 50 languages. In 2021, with the help of 36 different organizations, we developed 159 translations in 24 different languages.

IFAC
English

Driving Sustainability and Creating Value during Unprecedented Uncertainty Key Priorities for Professional Accountants in Business and Public Sector

New York, New York English

Professional accountants must think disruptively to help their organizations respond to unprecedented challenges and uncertainty. IFAC’s Professional Accountants in Business (PAIB) Advisory Group explores how professional accountants add value to theirorganizations and to society. A new report, Global Priorities for Professional Accountants in Business and the Public Sector, compiles key insights and learnings from the advisory group’s recent meeting.   

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The report features the accountant’s and the profession’s role in: 

  • Inflation and the supply chain crunch 
  • The Circular Economy  
  • Enabling an integrated mindset in business 
  • Audit committees andaddressing new responsibilities  
  • Enabling an effective public sector finance workforce 

Sanjay Rughani, IFAC PAIB Advisory Group Chair, said: “We need to think differently to drive sustainability and create value during this time of deep uncertainty and unprecedented trading and economic conditions. By sharing our learnings as a global profession, we can support professional accountants to engage in higher value actions and inform strategic decisions.” 

Access the report and additional insights. 

New PAIB Advisory Group report explores key global trends impacting professional accountants as CFOs and Business Leaders

IAASB LCE Conference Yields Key Takeaways—and Strong Support for an LCE Standard

New York, New York English

Today, the International Auditing and Assurance Standards Board (IAASB) published key takeaways from its recent Paris conference on the audits of financial statements of less complex entities (LCEs). Drawn from two days of discussions with more than 130 participants from 33 jurisdictions, the takeaways indicate a strong steer for the IAASB to finalize the develop of a separate standard for audits of financial statements of LCEs in the public interest.

Key takeaways focus on themes around the continuing need for a timely global solution comprising a separate, standalone standard; working towards a common understanding of what an ‘LCE’ is and that this should also appropriately include audits of group financial statements; ways to support adoption and implementation of the standard; and the importance of communication about how the standard helps serve the public interest.

Along with the feedback from the public consultation on the exposure draft of the landmark new LCE standard, the key takeaways will help shape the draft standard and IAASB actions. The IAASB will next discuss the proposed LCE standard at its June meeting, which will be livestreamed on YouTube.

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