The IFRS Foundation is currently in the process of establishing a new International Sustainability Standards Board (ISSB). The search for candidates for the chairman and vice-chairman of the new organization began in early June and was to end on June 30. To provide the new developer with an easy transition to their immediate responsibilities for creating a new system based on the standards systems that have been in place for several years, the Trustees decided to create a special Technical Readiness Working Group (TRWG), which will include representatives of global organizations with experience in developing standards for integrated reporting and sustainability reporting.

The US Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC), which announced the merger closer to the end of last year, have finally completed the process. ACCA representatives were among the first to welcome this good news.

The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) have launched a new ‘evolutionary’ model of professional training for accountants - the CPA Evolution Model Curriculum (CPAEMC). The ‘evolution’ of the model is that it is an example for educational organizations in the preparation of their graduates – future professional accountants – taking into account the changing requirements.

Following an online meeting on June 4-5, G7 Finance Ministers and Central Bank Govermors (later joined by IMF, OECD, Financial Stability Facility and other organizations) issued a final communique in support of the IFRS Foundation Trustees' initiative to develop global sustainability reporting standards.

Accorindg to the Journal of Accountancy, internal audit will be pivotal in the ultimate success of the widespread implementation of sustainability reporting, as this function creates organizational value, which is one of ESG-related issues. The United States do not stand aside, so the US Securities and Exchange Commission is exploring the possibility of strict regulation in this area, especially on the social component, where in the past issues of inclusiveness, equality and diversity have been repeatedly raised.

Management 3.0 is the future of management. It is important for managers to respond immediately to changes in the environment to be effective, which is especially important in times of instability and prolonged crisis. As to audit firms, now the ability to respond quickly to external changes is critical. Without this, the audit firm may not survive in a highly competitive environment.

Teamwork is the best way to complete projects. Teamwork has a number of values ​​that encourage listening to someone else’s opinion and reacting constructively to it, providing support for each other, giving colleagues the opportunity to question and recognize their interests and achievements.