Discussion Consultation International Update

EDs/Consultation papers updates

Updates from IFAC

Equipping professional accountants for sustainability

IFAC released a new publication that sets out four key areas where accountants need to update their knowledge to meet the growing demand for high-quality sustainability-related information. Given IFACs focus on the intersection between education and sustainability, it has developed this sustainability education framework covering what is new and what has not changed in four key focus areas for professional accountants such as:

Technical expertise
Business acumen
Behavioral competence
Ethics and professional values

The framework aims to help professional accountants as well as professional accountancy organizations close any gaps between the known and the required knowledge/skills in the above key areas.

To access the text of the publication, please click here