IFAC continues to speak out on behalf of the global accounting profession on the topic of non-financial reporting, most recently in response to the European Commission’s review of the Non-Financial Reporting Directive (NFRD). This review marks another valuable step in the dialogue and evolution toward relevant, reliable, and comparable reporting of non-financial information. A summary of IFAC’s response is available on its website. IFAC 's response reiterated points it made in early June in its summary of its feedback on the World Economic Forum (WEF) consultation “Toward Common Metrics and Consistent Reporting of Sustainable Value Creation.”
Read EFAA position statement on Non-Financial Reporting by SMEs here and their response to the NFRD public consultation here. EFAA urges NFR by SMEs to remain voluntary and welcomes the development of a simplified standard for NFR by SMEs.