IFAC

💡 Quality Management Monthly 📆 In September, IFAC released the third installment in its series of "Quality Management: Small Firm Implementation," aimed at helping small- and medium-sized practices implement the International Auditing and Assurance Standards Board (IAASB) suite of quality management standards. Installment Two, released in July 2023, provides a step approach to identifying your quality objectives; completing your quality risk assessment process; identifying existing, or creating new, responses to those quality risks; and implementing, documenting, and communicating your system of quality management. 🔗 Take some time to read this Installment, and IFAC's full suite of Quality Management Resources at: https://lnkd.in/eVqx9GKx

🌍 Today, IFAC submitted a response to the Financial Action Task Force (FATF)’s Public Consultation on Financial Inclusion, supporting proposed updates to anti-money laundering (AML) and counter terrorist financing (CFT) standards to reduce "overcompliance" and promote inclusion. This marks IFAC's first response with insights from our AML Community of Practice, uniting experts from 28 member bodies in 25 jurisdictions around the world.   📝👉 Read the consultation response letter here: https://bit.ly/4g8M9C9

We extend our heartfelt gratitude for all Imran Vanker contributed to the profession. His impact will be remembered and appreciated by all who had the privilege of working alongside him. Our deepest condolences to his family during this difficult time.

🌟 Meet the Collective! 🌟 Get to know the members of IFAC's newest advisory group, the Young Leaders Collective 🌍. Meet Relebogile Mashile CA(SA). Relebogile is a Chartered Accountant and Senior Lecturer in the Department of Accounting at the University of Pretoria who loves to sing and is teaching herself the guitar in her free time 🎸🎶 🔗 Learn more about the Young Leaders Collective at https://lnkd.in/dDvaBrgp

The Nederlandse Beroepsorganisatie van Accountants (NBA) (Netherlands Institute of Chartered Accountants - Royal NBA) champions diversity and inclusion in accountancy with initiatives like its "More Diversity" project, Women Leadership community, and a groundbreaking inclusion covenant, now signed by 41 firms, including the Big Four. Progress is tracked through annual reports and insights into workplace inclusion. “Every colleague should have the opportunity to grow.” – Stephanie Hottenhuis, CEO of KPMG (Dutch branch) 👉 Learn about Royal NBA’s DE&I initiatives in an article by Robert Mul, Royal NBA Executive Director: https://bit.ly/40ZnxHI 💬 What does diversity mean to you? Swipe to read an engaging interview with Bob Beusekom, Royal DBA Interim and Program Manager, on how being ‘the odd one out’ has shaped his journey.

From aligning with global sustainability standards to fostering regional collaboration, IFAC Connects MENA brought together thought leaders, policymakers, and accountancy professionals to pave the way for a greener, more resilient future in the Middle East & North Africa region. The discussions at the IFAC Connects Event in Dubai highlighted the significant opportunities for progress when centralized policy decision-making is leveraged effectively. The decision to adopt International Public Sector Accounting Standards Board (IPSASB) Standards underscores how quickly and positively change can be achieved in the region. These gatherings serve as vital platforms to share knowledge, build capacity, and drive impactful change across our profession. We call on the accountancy and finance profession in the region to take a proactive role in engaging with regulators on the critical issue of sustainability disclosures. As global and regional expectations evolve, our collective input is essential to shape meaningful and actionable frameworks that address environmental, social, and governance priorities. Together, let’s embrace our role as change-makers and catalysts for sustainable growth. Read more: https://lnkd.in/ecwFNqkR

🌐 Join IFAC's Global Leadership! 🌐    The IFAC Nominating Committee is excited to announce that the Call for Nominations for 2026 opens today! We are seeking passionate leaders for the IFAC Board, Nominating Committee, Education Panel, and Advisory Groups. We invite nominations for individuals prepared to make a global impact and advance the profession.    👉 Learn more about the Call for Nominations and how to submit your nomination (deadline: January 31, 2025): https://bit.ly/3YYKcRC

IFAC recognizes and supports the International Auditing and Assurance Standards Board (IAASB) publishing its International Standard on Sustainability Assurance (ISSA) 5000. ISSA 5000 is open to all assurance providers, not just accountants. Non-professional accountants using it must meet the same regulatory standards to protect investors and consumers. IFAC has developed a high-level overview to help stakeholders – preparers, auditors, and investors – anticipate what to expect from sustainability assurance, especially in its early days: https://bit.ly/48nMluw Read the full press release here: https://bit.ly/3CAFAcW

🎉 Congratulations to Gabriela Figueiredo Dias! 🎉 IFAC is delighted to celebrate Gabriela’s reappointment as Chair of the International Ethics Standards Board for Accountants (IESBA). Her outstanding leadership continues to advance global ethics and trust in the accountancy profession. Here’s to more success ahead! 🌍👏