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Nonprofits hit by inflation concerns

Nonprofit organizations are being buffeted by inflation this year as they try to raise funds from hard-pressed donors and are turning to their accountants for advice. A recent survey from BDO’s nonprofit and education practice found that some funders now want more reassurance from organizations that their dollars are going

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IFAC elects Asmaa Resmouki president

The International Federation of Accountants named Asmâa Resmouki of Morocco as its first president from the Middle East and Africa and its third female president, to serve a two-year term. Resmouki joined the IFAC board in November 2017, originally nominated by the Ordre Des Experts Comptables of Morocco. She served

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Edward Bernard elected chair of FAF

Edward Bernard, a director at LPL Financial Holdings, was elected Tuesday as the next chair of the Financial Accounting Foundation board of trustees, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board. His three-year term will begin Jan. 1, 2023, when he will succeed

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Corporate climate reporting efforts fall short

Corporate emissions reduction reporting is full of inconsistencies, and the lack of comparability of target disclosures continues to create challenges for investors, regulators and other stakeholders who need actionable information, according to a new report. The report, released Wednesday by the International Federation of Accountants, arrived in the midst of

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