IFAC

📢 Public sector leaders, finance professionals, policymakers, advisors, auditors, and anyone focused on advancing stronger governance: join us on May 6 for 𝘍𝘳𝘰𝘮 𝘗𝘳𝘪𝘯𝘤𝘪𝘱𝘭𝘦𝘴 𝘵𝘰 𝘗𝘳𝘢𝘤𝘵𝘪𝘤𝘦: 𝘛𝘩𝘦 2026 𝘍𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 𝘧𝘰𝘳 𝘎𝘰𝘰𝘥 𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘗𝘶𝘣𝘭𝘪𝘤 𝘚𝘦𝘤𝘵𝘰𝘳. This interactive session will examine why effective governance is increasingly critical for public institutions, what has evolved since the Framework’s initial release, and how its principles can be applied in practice to enhance accountability, trust, and performance. Hear from senior global leaders and a panel of public sector experts as they share practical insights, including where governance succeeds and where it can fall short. Register: https://lnkd.in/gdpBZrAt 📅 May 6, 2026 🎤 Presented by IFAC & CIPFA 🕘 9:00 ET | 13:00 UTC | 14:00 BST | 21:00 SGT

🌍 We were honored to be invited to the 5th East Africa Congress of Accountants 2026, which brought together over 1,000 delegates in Burundi under the theme “Driving Sustainability through Innovation in the Accounting Profession.” Officially opened by His Excellency Prosper Bazombanza, Vice President of the Republic of Burundi, the congress—hosted by the Ordre des Professionnels Comptables du Burundi (OPC Burundi) in partnership with the ICPAK (Institute of Certified Public Accountants of Kenya), the ICPAU (Institute of Certified Public Accountants of Uganda), the Institute of Certified Public Accountants of Rwanda (ICPAR), and the THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS TANZANIA (NBAA Tanzania)—showcased the growing influence of the accountancy profession in driving sustainable, resilient economies across the region. IFAC President Jean Bouquot emphasized the profession’s critical role as a pillar of economic growth, trust, and regional integration. He highlighted IFAC’s commitment to: 🔹 Connecting and uniting the global profession 🔹 Championing integrity and quality 🔹 Shaping the future in the public interest Jean also pointed to East Africa’s growing influence on the global stage, from progress on mutual recognition to stronger adoption of international standards, and continued support for small and medium enterprises (SMEs) and public sector transparency. He reminded us that trust is at the heart of everything the profession does, and it’s something that must be continuously earned and protected. The East African accountancy profession is a key driver of growth, integration, and public trust, playing a vital role in the region’s success and future progress.

📢 Apply Now: IESBA & IAASB Board Members The Public Interest Oversight Board | PIOB is inviting applications to join the International Ethics Standards Board for Accountants (IESBA) and the International Auditing and Assurance Standards Board (IAASB), with terms starting 1 January 2027. 🔹 IESBA: 1 practitioner and 2 non-practitioner vacancies 🔹 IAASB: 3 practitioner vacancies Learn more and apply by 3 May 2026 ⬇️

🌍 Shift from adoption to high-quality implementation of global sustainability reporting standards With the growing adoption of IFRS S1 and IFRS S2 across ~40 jurisdictions, the focus must now shift from awareness to high-quality implementation. Without it, the goal of consistent, comparable sustainability information for investors won’t be realized. We have long championed enhanced corporate reporting, recognizing that stakeholders need better insights into performance, risks, opportunities, and long-term value. Now, through a recent pilot initiative in Thailand, we are supporting this next step with a deep dive into: 🔹 Conceptual foundations of International Sustainability Standards Board (ISSB) Standards 🔹 Core content (governance, strategy, risk management, metrics & targets) 🔹 Materiality, connection to the financial statements, and industry-specific disclosures 🔹 Proportionality mechanisms and transition reliefs 🔹 Climate scenario analysis and Scope 3 emissions 🔹 Assurance of sustainability information 🗨️ IFAC Chief Executive Officer Lee White said: “On behalf of IFAC and the global profession, I thank UK PACT (Partnering for Accelerated Climate Transitions) for their purpose-driven financial support of this important pilot training event, as well as the Securities and Exchange Commission, Thailand; The Stock Exchange of Thailand; the Thai Listed Company Association; and the Federation of Accounting Professions Under His Majesty The King’s Royal Patronage for their strong support of the ISSB’s mission. Your efforts made this event a success. It was an honour to have such distinguished organizations present with us in Bangkok.” The path forward is clear: adoption is only the beginning. The real challenge is turning high-quality standards into high-quality information that supports strategy, risk assessment, capital allocation, and sustainable business models. Click below to read the article by David Madon 👇

📢📊 LATEST: Private Equity Investment in Accountancy (Q1 2026) Since our last update, private equity (PE) investment in the accountancy profession continues to accelerate into Q1 2026, reinforcing the significance of this global trend and its potential long-term impact. Representing over 188 professional accountancy organizations in more than 140 jurisdictions, we are analyzing the scale of this trend and its potential implications for: 🔹Transaction Structures 🔹Firm Oversight 🔹Independence and Conflicts of Interest 🔹Audit Quality 🔹Consolidation and Competition 🔹Attractiveness of the Profession Our latest data builds on a growing global dataset of 1,000+ accountancy firms that have experienced PE investment over the past decade. The objective of this work is to raise awareness and support informed, evidence-based dialogue among professionals, regulators, clients, and other stakeholders. 👉🔗 Explore the recent findings on our Private Equity Investment in Accountancy webpage: https://bit.ly/4sVuLXl

🌍 Today, on World Intellectual Property Day, we celebrate the role of intellectual property in advancing global knowledge, trust, and transparency. At IFAC, our intellectual property, including standards from the International Auditing and Assurance Standards Board (IAASB), International Ethics Standards Board for Accountants (IESBA), and International Public Sector Accounting Standards Board (IPSASB), helps drive consistency and reliability across the global accountancy profession. We are committed to expanding access while protecting these resources. By balancing access and protection, we support a strong, connected, and future-ready profession. 👉🌐 Explore IFAC’s translations database to access standards and resources in multiple languages: https://bit.ly/3zrPxpD #WorldIPDay

🌍 Earlier this week, we had a productive and engaging discussion at our invitation-only side event during the 2026 UN ECOSOC Forum on Financing for Development Follow-Up (FfD Forum). Co-hosted by IFAC alongside UNDP, UNODC, the Governments of Norway and the United Kingdom, Spotlight on Corruption, Transparency International, the U4 Anti-Corruption Resource Centre, the International Bar Association, and the International Ethics Standards Board for Accountants (IESBA), the session focused on implementing commitments around the role of professional service providers in tackling illicit financial flows. 🗨️ IFAC Head of Professional Accountancy Organization (PAO) Development, Darlene Nzorubara, said: "Professional accountants play a critical role in fighting against corruption. It is essential to strengthen PAOs' collaboration with regulators, law enforcement, governments, and civil society by moving beyond information sharing to joint capacity-building, coordinated policies, and aligned regulatory frameworks. Working together this way will help to close detection gaps, improve enforcement, and enhance transparency and accountability. There is real importance to training professional accountants across the globe on the Financial Action Task Force (FATF) recommendations; in order to do so, jurisdictions need to develop resources to engage with FATF's risk-based approach." The discussion highlighted a shared commitment to building more transparent and resilient financial systems. Cecile Bonino-Liti | Søren Vester Haldrup

📢 Six Principles. One Objective: Broadening Access to the Profession Over the past six weeks, we’ve shared our six Opening Doors principles designed to broaden access to the accountancy profession. These principles provide practical, adaptable pathways to welcome diverse talent – while maintaining the high standards that sustain public trust. 🔗 Learn more below and join the conversation: https://bit.ly/4sCNneO #OpeningDoors #AccountancyProfession #InclusiveLeadership

Wellbeing at the center of our latest IFAC Young Leaders Collective Meeting. At our most recent meeting, early-career professionals from across the globe came together for an honest, energizing, and deeply human conversation, one that reminded us why this Collective exists.   We were privileged to open with a guest reflection from Husnain R. Badami, Fellow Chartered Accountant and one of the youngest Vice Presidents in the history of ICAP. Husnain shared an inspiring and refreshingly non-linear career journey, from academia to entrepreneurship, and from local engagement to global impact, grounded in a simple but powerful philosophy: career as a portfolio, not a pathway. His message? Growth, meaning, and service to the profession are not trade-offs. They are the journey.   The conversation that followed, through a wellbeing pulse check, breakout discussions, and rich group reflections, surfaced themes that will stay with us: the importance of psychological safety, the quiet cost of always being "on", the power of recognition, and the need for wellbeing to be a value system rather than a one-day event.   Members spoke candidly about the gaps, long hours, disconnected leadership, unclear boundaries, and the opportunities: flexibility, mentorship, community, and leaders who model what balance actually looks like.   Through the IFAC Young Leaders Collective, early-career professionals are not just participants in these conversations. They are shaping them.   #IFAC #YoungLeaders #WorkplaceWellbeing #AccountancyProfession #EarlyCareerProfessionals #Leadership #ProfessionalGrowth #GlobalAccounting

🌍 Happy Earth Day! At IFAC, we recognize the critical role the global accountancy profession plays in advancing transparency, accountability, and sustainable decision-making. From climate-related disclosures to long-term value creation, accountants are helping organizations navigate the path toward a more resilient and sustainable future.