New IFAC report explores how professional accountants in business and the public sector are stepping up to support their organizations through chaotic times
Organizations
globally are operating in an economic environment unlike any in recent
memory. Finance and business leaders face a difficult balancing act
between confronting short-term realities and ensuring future pathways to
resilience through investment and innovation.
IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how professional accountants are navigating uncertain global conditions and expanding their roles in both the private and public sectors in a new report, Professional Accountants as Finance and Business Leaders.
The report explores the key role of PAIBs in:
Digitalization of finance and accounting, with a case study on Procter & Gamble;
Driving sustainable value creation through an integrated mindset, with a case study on Natura & Co;
Corporate governance and oversight of sustainability and ESG;
The growing B-Corps movement; and
Sustainable financing.
Sanjay Rughani, IFAC PAIB Advisory Group Chair, said: “Even
in volatility and uncertainty, there are opportunities to disrupt,
reinvent, and innovate to create value for businesses and for society.
Professional accountants in business and the public sector must seize
new opportunities in the digital and sustainability transitions of
organizations and economies.”
IFAC
© IFAC - International Federation of Accountants
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