“Tremendous interconnectivity is required if we are to make any significant progress toward achieving the [United Nations’] Sustainable Development Goals [SDGs]. This is not just within the accountancy profession, but also between the profession and other UN SDG stakeholders. We commend the efforts of the G20 and also call on G20 leaders to do even more,” said IFAC CEO Kevin Dancey.   The priorities outlined in the 2022 call align with IFAC’s IMPACT approach, introduced in 2021, which identifies the most important issues currently facing the accountancy profession, private and public organizations, and global financial markets and economies. The IMPACT approach is a guide for where the accountancy profession should be headed and serves as a tool for increased collaboration and cohesion within the profession.   To strengthen global economies, societies, and the environment, and to continue to address challenges resulting from the COVID-19 pandemic, IFAC calls on G20 leaders to:  
  • Make sustainability a reality, not just a goal, including supporting IFRS Sustainability Disclosure Standards and recognizing the role of professional accountants in developing decision-useful sustainability information.
  • Support public finance management and fight corruption, including implementing multilateral commitments against corruption and related issues, as well as supporting professionalization in the public sector and adoption of International Public Sector Accounting Standards.
  • Work together for collective prosperity, including minimizing regulatory fragmentation to drive economic growth.
  The 2022 G20 Call to Action builds upon four priorities set forth in IFAC’s 2020 G20 Call to Action and its 2021 update.

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