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IFAC Publishes Sustainability & Education Literature Review
- 17 January 2024
- Sustainability Reporting
- South African Accounting Academy
The review highlights key themes in current sustainability-related education, learning and development to provide insights into how the global accountancy profession can meet stakeholder demands for relevant and reliable sustainability reporting.
Recent years have seen a significant shift in demand for relevant sustainability-related disclosure, reporting, and assurance and the accountancy profession is working to prepare current and future professionals to meet these stakeholder demands.
The literature review identifies the new and existing competencies required of professional accountants to provide these services; educational strategies to develop them; and the challenges the accountancy education community will face. The review also highlights key themes in current sustainability-related education, learning and development to provide insights on how the global accountancy profession can meet stakeholder demands for relevant and reliable sustainability reporting.
The literature review informed IFAC’s decision to make sustainability-related revisions to the International Education Standards and will contribute to the forthcoming proposed revisions, expected in Q2 2024.
Click here to download the Review:
Relevance to Auditors, Independent Reviewers & Accountants:
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Professional accountants are at the center of information flows and decision-making—uniquely positioned to capture, analyze, report on, and assure sustainability information.
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As an auditor, independent reviewer and accountant, you need to be aware of the latest information and publications issued by IFAC and other regulatory bodies.
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This paper reviews recent literature from 3 stakeholder groups—academics, professional accounting organizations (PAOs), and public accounting/audit firms—and seeks to provide insight into the expectations of the accountancy profession to provide sustainability-related reporting and assurance services.
Relevance to Your Clients:
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