PAIB Advisory Group Explores Sustainability Reporting, AI, and More

Members of IFAC’s Professional Accountants in Business (PAIB) Advisory Group met in Paris in September to discuss key trends impacting businesses and public sector organizations and their professional accountants.

IMA® (Institute of Management Accountants) has two representatives on the PAIB Advisory Group: longtime member Esteban Quiros, from Costa Rica, and Maria del Dado Alonso Sanchez, from Spain, who was appointed in January 2023. Both Esteban and Dado have served terms on the IMA Global Board of Directors; Dado has also been a member of the ICMA Board of Regents.

The meeting resulted in several pieces of thought leadership on topics of interest to accounting and finance professionals. Key areas covered (and their corresponding reports) include:

CFO Perspectives: Creating and Protecting Value in Private Equity Funded Organizations: Three CFOs, including Alonso Sanchez, discuss how exposure to the private equity world can provide useful experience for accounting and finance professionals, with many opportunities to grow and make an impact. The panelists explore the value of CFOs in private equity funded organizations and the key competencies the position requires.

AI & Intelligent Automation – Disrupting Business; Elevating the Work of Accounting & Finance Professionals: Pascal Bornet, former AI and automation leader at EY and McKinsey, presents a compelling argument for how digital transformation based on intelligent automation can drive business growth and customer and employee satisfaction. Watch his presentation.

Case Study: Connecting Finance and Sustainability at Jaguar Land Rover Automotive PCL: The finance director of strategy and sustainability at Jaguar Land Rover discusses how the company is integrating sustainability into their financial strategies and operations, as well as the critical role of accounting and finance professionals in this journey.

Developments in Global Sustainability Reporting: A Priority for the Accountancy Profession: Members of the PAIB Advisory Group explore the important role of professional accountants in the adoption and implementation of standards for sustainability-related reporting and disclosure. Read these key takeaways from the discussion.

For more information, please visit IFAC’s PAIB Advisory Group webpage.