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Accounting for value creation and encouraging the rise of the chief value officer

  • IFAC - Regulations Image

Nov 07, 2019

On November 7, 2019, the International Federation of Accountants (IFAC) released an article on how accounting for value creation needs rethinking.

Value is created through knowledge and creativity. Digital disruption is threatening entire industries. Financial markets are fraught with geopolitical and economic volatility. The deepening climate emergency, and other environmental issues such as water and land use, mean that business as usual is not an option.

In this world, achieving a resilient and sustainable business model has never been more challenging. Viewing value creation only through the lens of shareholders means undermining trust in the organization, compromising its reputation, and even threatening its license to operate. A broader set of data, information and insights is needed to provide a bigger picture of how value is created.

Review the full article on IFAC's website.

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