IFAC

The International Public Sector Accounting Standards Board has issued its own leasing standard for the public sector.

The board is surveying stakeholders about easing the audit requirements for less complex companies, while beefing them up for more complicated structures.

The institute joins two other groups in withdrawing because of the involvement of officials from Myanmar.

CPA Australia and CA ANZ have withdrawn from an upcoming conference in Singapore due to the involvement of officials from Myanmar.

The International Federation of Accountants debuted eIS, a new way to access global auditing, assurance, ethics and public sector accounting standards online.

The accounting profession is increasing its involvement with sustainability issues as the United Nations hosts world leaders at its COP26 climate change conference in Glasgow, Scotland.

The groups are marking Climate Week in New York City by urging accountants to get more involved in climate information reporting.

A recent statement on corporate reporting says the global profession needs to start with the 2021 reporting cycle.

IFAC signed an agreement with two global health groups to improve accounting practices in the public health sector.

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization.