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Large companies in the UK are making progress as more sustainability reporting requirements approach, but they could face significant challenges when seeking assistance from smaller companies in their supply chain.
Globally, nearly three-fourths of corporate reporting professionals use artificial intelligence tools daily. Companies with greater AI integration are able to use time savings to focus more on strategy.
Signatories urge policymakers to preserve the core elements of European Sustainability Reporting Standards, including the CSRD’s “double materiality” principle.
FM’s editor-in-chief and the global head of sustainability at the Association of International Certified Professional Accountants discuss the August digital edition theme of sustainability and other highlights of the edition.
The proposals present the first opportunity for global stakeholders to provide input on the cost-effectiveness and decision-usefulness of the SASB standards in the context of the ISSB standards.
The IAASB and IESBA jointly seek to assist practitioners in the consistent application of standards. Also, the IFRS Foundation issues an update on global ISSB adoption.
The latest data from research by the International Federation of Accountants, the AICPA, and CIMA reveals that nearly three-quarters of the largest global companies obtained assurance of sustainability disclosures in 2023.
Also, global accounting bodies endorse revised principles for sustainable economic transformation, and the Global Reporting Initiative focuses on alignment of sustainability reporting practices.
An IFRS partnership is intended to accelerate the adoption of these standards across Latin America and the Caribbean. Also, the UK government unveils reforms to pension schemes.
Also, the IAASB revises auditing standard on going concern, and the IFRS Foundation looks to bring nature-related information into financial reporting.
