This is the first in a series of episodes that explore how the finance function can drive sustainable business success and account for environmental, social, and governance (ESG) issues.
Even in this era of rapid technological change, foundational accounting skills are still among the most important career advantages for finance professionals, according to one CFO.
The merger of the Sustainability Accounting Standards Board and the International Integrated Reporting Council continues a global movement toward harmony in corporate reporting of sustainability and environmental, social and governance issues.
Research for the UK Financial Reporting Council advises integrated, regular, and structured employee engagement, with a focus on substance rather than process.
The board’s amendment removes the uncertainty on whether the exemption from recognising deferred tax applies to leases and decommissioning obligations.
The proposal extends the scope of sustainability disclosures to more entities and provides greater detail on the information that should be included in sustainability reports.
In anticipation of a possible September announcement of a new international sustainability reporting standards board, the IFRS Foundation trustees announced the formation of a new working group to undertake technical preparations and accelerate convergence.
By the fall, the IFRS Foundation trustees plan to issue a proposal for a board that would set international global sustainability reporting standards. The trustees’ plans for that board are becoming clearer.
The UK’s Financial Reporting Council issued advice for companies on how to report transparently and effectively when departing from parts of the UK Corporate Governance Code.
