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COMPETENT AND
VERSATILE
How Professional Accountants in Business Drive
Sustainable Organizational Success
KEY MESSAGES
Competent and Versatile: How Professional Accountants in Business Drive Sustainable Organizational Success aims
to support the global accountancy profession in responding to changing expectations of society, financial markets, and
organizations, and to promote and contribute to the value of professional accountants in business to their organizations.*
It does this by:
• Reviewing significant macroeconomic and societal challenges. Key challenges include moving to a model of
sustainable economies and corporate responsibility where organizations pursue a more sustainable and ethical
path; balancing the need for compliance with the need to remain competitive within an increasingly global economy;
and the long-term affordability and acc
COMPETENT AND VERSATILE How Professional Accoun
KEY MESSAGES Competent and Versatile: How Profe
IFAC’S MISSION IFAC’s mission is to serve the p
FOREWORD Global recognition of professional acc
TABLE OF CONTENTS OVERVIEW
OVERVIEW Competent and Versatile: How Professio
1 THE NEEDS OF SOCIETY, CAPITAL MARKETS, AND ORGA
COMPETENT AND VERSATILE The current environment
THE NEEDS OF SOCIETY, CAPITAL MARKETS, AND ORGANI
2 THE DRIVERS OF SUSTAINABLE ORGANIZATIONAL
The Drivers of Sustainable Organizational Success
COMPETENT AND VERSATILE These drivers represen
The Drivers of Sustainable Organizational Success
COMPETENT AND VERSATILE Figure 1: Drivers of Su
3 THE KEY ROLES OF PROFESSIONAL ACCO
COMPETENT AND VERSATILE • As reporters of valu
The Key Roles of Professional Accountants in Busi
4 THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE V
THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE VAL
COMPETENT AND VERSATILE Addressing the Achilles
THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE VAL
COMPETENT AND VERSATILE Doing Good and Doing We
THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE VAL
COMPETENT AND VERSATILE The maturity of an org
THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE VAL
COMPETENT AND VERSATILE Figure 3: Expected Ke
THE COMPETENCES REQUIRED TO DRIVE SUSTAINABLE VAL