The Institute of Management Accountants (IMA), International Federation of Accountants, and California Society of Certified Public Accountants (CalCPA) have released a report which assesses issues inhibiting progress in diversity, equity, and inclusion (DE&I) within the accountancy profession and offers actionable solutions with the aim of closing the gap in DE&I.

The report, Diversifying Global Accounting Talent: Actionable Solutions for Progress, highlights key factors contributing to the underrepresentation of diverse people in the profession, particularly at leadership levels.

IMA president and CEO Jeff Thomson said: “The voices of more than 8,000 study participants across the globe issued a call-to-action to the profession’s leaders: a call for recommended solutions and intentional, collective action to affect greater change.”

The report generated an inventory of more than 70 actionable DE&I practices, each mapped to relevant United Nations Sustainable Development Goals. It offers recommended steps needed to remedy the lack of equity and inclusion as a path to improving diversity.

IFAC CEO Kevin Dancey said: “Professional accountants are bound by ethical commitments, which should extend into DE&I efforts. The solutions recommended in this report can and should be leveraged by professional accountants and leaders across the profession, to move our workplaces around the world toward a culture of belonging and fulfill our obligation to protect the public interest.”

The full report can be found here.