Sustainability

IFAC publishes sustainability guidance for SMEs

Also, the FRC publishes 2024 taxonomies and reviews IFRS 17 in company reports.

ESG becomes top priority for finance leaders

A new global report shows that ESG considerations are top of mind for finance leaders and that technical debt is holding back companies’ plans to innovate.

IFRS proposes accounting taxonomy changes

Also, IPSASB issues a benefit standard, and the UK FRC opens consultation on Actuarial Standard Technical Memorandum 1.

FRC calls for a ‘better, not more’ approach to annual reports

The UK Financial Reporting Council releases guidance to help companies produce annual reports that take a more strategic approach to assessing materiality.

Nestlé, Volvo among 130 companies urging COP28 fossil fuels phase-out

COP28 begins in Dubai on 30 November as more scientists warn that the world is not on course to meet the goals of the 2015 Paris agreement.

UK Transition Plan Taskforce releases disclosure framework

This weekly roundup also looks at an IPSASB exposure draft and a consultation from the UK FRC to improve auditing standards.

A rising demand for skills and expanded collaboration

A new report from AICPA & CIMA examines the rapidly evolving finance landscape and the competencies required of professionals to drive long-term value.

IAASB amends auditing standards in response to IESBA revisions

Also, a letter from standards-setters to the ISSB addresses areas of concern in global sustainability standard reporting, and IPSASB updates conceptual framework to reflect IASB revisions.

IASB amends SME standard; UK, New Zealand sign audit agreement

This week’s roundup examines the IASB’s amendments to the IFRS standard to account for changes introduced by the international tax reform.

CIMA and CPA Australia renew membership agreement

The agreement was extended another four years; also, the IASB is exploring a project on climate-related reporting.

5 ways to incorporate sustainability practices in the workplace

Businesses can focus on sustainability by adopting a company framework, training employees, and carefully selecting sustainability metrics.

UK and India announce partnership to promote sustainable growth

As part of the UK-India Economic and Financial Dialogue, India will explore having its companies listing on the London Stock Exchange.

AICPA & CIMA invite research proposals in Central and Eastern Europe

The recent creation of a research centre in Central and Eastern Europe is designed to support innovative management accounting research and best practice.

IAASB opens consultation on sustainability standard

The standards board seeks stakeholders’ views on ISSA 5000 and schedules webinars about the standard for practitioners and regulators.

UK sustainability disclosure standards expected next year

UK-endorsed sustainability disclosure standards, expected in summer 2024, will be based on those from the IFRS.

ESG opportunity for China’s business leaders

Two China-based business leaders discuss how a commitment to carbon net zero is allowing finance to lead their companies towards business opportunities.

University of Oxford, AICPA & CIMA launch sustainability course

Registration is now open for a prestigious executive management course powered by subject matter experts from Oxford’s Said Business School and AICPA & CIMA.

FRC opens consultation on ethical standard revisions

Also, IFAC issues call to action to highlight the importance of an inclusive approach in reaching sustainable development goals.

IAASB issues draft sustainability assurance standard

Also, EFRAG adopts first set of sustainability reporting standards.

IFRS releases resources to support sustainability reporting

The IFRS Foundation this week published a proposed disclosure taxonomy and a comparison guide, both designed to assist those preparing for implementation of new global sustainability standards.

Sustainability

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