International


The International Federation of Accountants (IFAC) issued an exposure draft and several information papers on education in ethics, corporate sustainability and internal control.

IFAC’s International Accounting Education Standards Board released an exposure draft of an International Education Practice Statement, Approaches to Developing and Maintaining Professional Values, Ethics and Attitudes ( www.ifac.org/eds ). Comments are due December 15, 2006. The board also released a related and similarly titled information paper reporting results of a wide-ranging research project on ethics education ( www.ifac.org/Store/Details.tmpl?SID=1155152665859443 ).

In addition, IFAC’s Professional Accountants in Business Committee issued two papers on sustainability—managing the social, environmental and economic aspects of business performance—that provide an overview of the subject and of the role of accountants in measuring, recording and interpreting sustainability-related information, as well as interviews with 11 senior professionals working in this area around the world.

Another IFAC publication, Internal Controls—A Review of Current Developments, summarizes key internal control frameworks, highlights recent legislation and initiatives, and discusses the role of internal control in enhancing corporate governance. The papers are available free at www.ifac.org/store .

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