The document discusses recent changes in sustainability and ESG reporting standards. It notes that organizations are working to develop comprehensive and consistent global standards to increase transparency and comparability. Initiatives are underway to merge existing standards and develop a unified framework for sustainability reporting. Stakeholders are calling for standardized metrics and disclosures to better measure performance and contributions to sustainable development goals.
This document discusses sustainability reporting and how companies decide which sustainability initiatives to pursue. It provides insight into how companies gather, assess, and disseminate information about their socially responsible activities. Specifically, it outlines the benefits of sustainability reporting, how to embed sustainability in organizations, identifying material sustainability matters, managing these matters, and communicating performance through reporting.
Hughes implementing ipsas to improve public financial managementicgfmconference
The document discusses several topics related to public financial management improvements including:
1. Recommendations to support improvements which include support from leadership, increasing capacity, separating cash management from budgeting, and implementing standardized systems and accounting practices.
2. International standards for auditing, professional practice of internal auditing, and for supreme audit institutions.
3. Suggestions for education standards including adopting international accounting education standards and developing certification programs.
4. An overview of the purpose and benefits of accounting, accrual accounting, and the applicability of International Public Sector Accounting Standards.
Sustainability reporting guidelines are essential tools for businesses committed to responsible corporate citizenship. As companies worldwide increasingly recognize the value of transparency and accountability in driving sustainable growth, these guidelines have emerged as crucial components of modern business practices. By understanding and implementing comprehensive sustainability guidelines within your organization, you can effectively demonstrate your commitment to sustainability, enhance stakeholder relations, and contribute to a more sustainable global economy.
The document discusses a model for assessing an accounting body's sustainability agenda. It analyzes key internal and external drivers that shape the body's sustainability efforts and how these drivers impact the business model. The model groups the drivers and matches them to components of the business model like advocacy, thought leadership, leading business, and skilling the profession. It provides examples of how sustainability reporting is affecting accountants' roles and skills.
The document discusses consideration of ethics in sustainability reporting. It provides context on the evolution of sustainability reporting standards and frameworks over time from organizations like GRI, SASB, IIRC, and the new ISSB. It outlines key stakeholders in sustainability reporting and some of the ethical issues that can arise, like greenwashing. The IESBA plays a role in establishing ethics standards for professional accountants involved in sustainability reporting and assurance through the international Code of Ethics. The document addresses some specific ethics questions around application of the Code.
Sustainability reporting what, why and howSheela Mistry
This document discusses sustainability reporting, including what it is, why organizations do it, and how to go about the reporting process. Sustainability reporting involves communicating an organization's environmental, social and governance performance. It is becoming more common for organizations to produce sustainability reports to disseminate non-financial information to stakeholders. While reporting frameworks provide guidance, organizations must ensure reporting adds value through benchmarking and continuous improvement rather than just marketing achievements. Effective sustainability reporting requires strategy, goal-setting, performance measurement and using a recognized framework.
Long Term Value Creation Through Integrated ReportingJDA SFAI
The document discusses integrated reporting, which IFAC strongly supports. It provides concise answers to questions about why IFAC sees integrated reporting as important, how it differs from and relates to other reporting frameworks, what value means in the context of integrated reporting, and how it fits within the corporate reporting landscape. Integrated reporting can help improve decision making, trust, and long-term thinking by evaluating an organization's impacts and dependencies more holistically in terms of financial, manufactured, intellectual, human, social, relationship, and natural capitals.
The document discusses recent changes in sustainability and ESG reporting standards. It notes that organizations are working to develop comprehensive and consistent global standards to increase transparency and comparability. Initiatives are underway to merge existing standards and develop a unified framework for sustainability reporting. Stakeholders are calling for standardized metrics and disclosures to better measure performance and contributions to sustainable development goals.
This document discusses sustainability reporting and how companies decide which sustainability initiatives to pursue. It provides insight into how companies gather, assess, and disseminate information about their socially responsible activities. Specifically, it outlines the benefits of sustainability reporting, how to embed sustainability in organizations, identifying material sustainability matters, managing these matters, and communicating performance through reporting.
Hughes implementing ipsas to improve public financial managementicgfmconference
The document discusses several topics related to public financial management improvements including:
1. Recommendations to support improvements which include support from leadership, increasing capacity, separating cash management from budgeting, and implementing standardized systems and accounting practices.
2. International standards for auditing, professional practice of internal auditing, and for supreme audit institutions.
3. Suggestions for education standards including adopting international accounting education standards and developing certification programs.
4. An overview of the purpose and benefits of accounting, accrual accounting, and the applicability of International Public Sector Accounting Standards.
Sustainability reporting guidelines are essential tools for businesses committed to responsible corporate citizenship. As companies worldwide increasingly recognize the value of transparency and accountability in driving sustainable growth, these guidelines have emerged as crucial components of modern business practices. By understanding and implementing comprehensive sustainability guidelines within your organization, you can effectively demonstrate your commitment to sustainability, enhance stakeholder relations, and contribute to a more sustainable global economy.
The document discusses a model for assessing an accounting body's sustainability agenda. It analyzes key internal and external drivers that shape the body's sustainability efforts and how these drivers impact the business model. The model groups the drivers and matches them to components of the business model like advocacy, thought leadership, leading business, and skilling the profession. It provides examples of how sustainability reporting is affecting accountants' roles and skills.
The document discusses consideration of ethics in sustainability reporting. It provides context on the evolution of sustainability reporting standards and frameworks over time from organizations like GRI, SASB, IIRC, and the new ISSB. It outlines key stakeholders in sustainability reporting and some of the ethical issues that can arise, like greenwashing. The IESBA plays a role in establishing ethics standards for professional accountants involved in sustainability reporting and assurance through the international Code of Ethics. The document addresses some specific ethics questions around application of the Code.
Sustainability reporting what, why and howSheela Mistry
This document discusses sustainability reporting, including what it is, why organizations do it, and how to go about the reporting process. Sustainability reporting involves communicating an organization's environmental, social and governance performance. It is becoming more common for organizations to produce sustainability reports to disseminate non-financial information to stakeholders. While reporting frameworks provide guidance, organizations must ensure reporting adds value through benchmarking and continuous improvement rather than just marketing achievements. Effective sustainability reporting requires strategy, goal-setting, performance measurement and using a recognized framework.
Long Term Value Creation Through Integrated ReportingJDA SFAI
The document discusses integrated reporting, which IFAC strongly supports. It provides concise answers to questions about why IFAC sees integrated reporting as important, how it differs from and relates to other reporting frameworks, what value means in the context of integrated reporting, and how it fits within the corporate reporting landscape. Integrated reporting can help improve decision making, trust, and long-term thinking by evaluating an organization's impacts and dependencies more holistically in terms of financial, manufactured, intellectual, human, social, relationship, and natural capitals.
The document discusses asset management strategies and frameworks. It describes how asset management has evolved from primarily maintenance to a more proactive approach focused on cost savings, profitability, service levels, safety, and CSR. It notes that while effective asset management provides benefits, it can be complex and requires buy-in from senior management and different stakeholders. The document then introduces ISO 55000 as an international standard that provides an "out of the box" framework for asset management, including establishing objectives, plans, and continual improvement processes.
Discover the essentials of ESG and Sustainability Reporting. Learn how to effectively report on Environmental, Social, and Governance criteria to enhance transparency and accountability.
Business Responsibility and Sustainability .pdfaakash malhotra
Read Deloitte India’s Business Responsibility and Sustainability Report and what it means for the top 1,000 listed entities in India. The Securities and Exchange Board of India (SEBI) introduced new requirements for sustainability reporting by listed companies. It aims to establish links between the financial results of a business with its ESG performance.
The document summarizes information about the Sustainability Knowledge Group, a global advisory firm focused on CSR and sustainability solutions. It provides an overview of the services offered, including sustainability reporting, strategy, and training. It also discusses how the GRI and SASB sustainability reporting standards work together to provide a comprehensive picture of a company's ESG performance and meet the needs of different stakeholders.
Integrated reporting 101; Getting started with Integrated Reporting in IndiaVrushali Gaud-Shinde
Introduction to Integrated reporting - India
The Securities Exchange Board of India (SEBI) recently raised a circular recommending top 500 companies to adopt Integrated Reporting. This is a quick guide that answers the Why? What? How? questions to get Indian companies started with Integrated Reporting.
Etude PwC sur le reporting intégré (sept. 2014)PwC France
http://bit.ly/Reporting-PwC
Selon une étude du cabinet d’audit et de conseil PwC, 80 % des investisseurs s’accordent à dire qu’un reporting de qualité influence leur perception de l’entreprise. Pour près de deux tiers d’entre eux (63 %), la qualité du reporting d’une entreprise pourrait avoir un impact financier direct sur le coût de son capital.
This document provides guidance on producing a sustainability report. It discusses why organizations produce sustainability reports, which is typically to build trust with stakeholders and increase transparency. It also covers determining the target audience, assessing material issues, and different reporting formats like standalone reports, sections of annual reports, and online reporting. The document emphasizes that defining the purpose and intended audience is important before beginning the reporting process. It also highlights that assessing material issues through stakeholder engagement is a key aspect of sustainability reporting standards.
This document provides an overview of chapter 1 of an accounting textbook, including a table of topics covered in the chapter and case/question assignments. It also includes sample solutions to codification exercises and answers to questions about the development of accounting standards and standard-setting bodies in the United States.
A Framework For Business SustainabilityJustin Knight
This document discusses creating a framework for business sustainability based on existing business excellence models. It proposes integrating a focus on key stakeholders into existing business excellence criteria to create a business sustainability framework. This framework can then be used to guide organizations in achieving long-term economic, environmental and social goals. It involves assessing performance using criteria like leadership, strategy, knowledge and continuous improvement, and tracking results over time. An integrated management system is recommended to support implementation of the business sustainability framework.
Sustainability Reporting: Definition, Benefits, And Challenges | Enterprise W...Enterprise Wired
Sustainability reporting has emerged as a critical tool for organizations to transparently communicate their environmental, social, and governance (ESG) performance.
The document outlines the Financial Conduct Authority's (FCA) strategy. It discusses:
1) Achievements since the FCA's creation including enforcement actions and new initiatives.
2) Challenges facing regulation like an aging population, increased debt, and advancing technology.
3) Key aspects of the new strategy including sharpening focus on large firms/sectors, integrating authorization and supervision, and creating a common FCA view across markets and sectors.
4) Organizational changes to implement the strategy like consolidating market intervention work and prioritizing resources more effectively.
The document outlines the Financial Conduct Authority's (FCA) strategic review and plans for the future. Key points include:
1. The FCA has achieved successes like enforcing rules on LIBOR and payday lending caps, but faces increasing demands on its resources.
2. The FCA will prioritize large firms, sectors, and risk-based small firm supervision. It will merge market intervention work and take a more strategic, data-driven approach.
3. The FCA will create a common view of markets and sectors, bring risk and oversight functions together, and align communications more closely with strategy to influence at an earlier stage. It will also review processes to enable faster decision making.
The document discusses green auditing, including planning, areas of concern, reporting, and implementation. It provides an overview of the necessity of green audits and differences between internal/external audits. Key aspects of audit planning discussed are engagement circumstances, risks, intended users, and standards like AA1000. Areas of concern addressed include regulations, waste management, and supply chain risks. Reporting guidelines from India, GRI, and benefits of reporting are covered. Implementation is shown to involve deciding to report, identifying impacts and audiences, and assuring and publishing the final report.
The document discusses green audit planning and reporting. It covers the necessity of green audits, audit planning considerations like engagement risks and intended users, areas of concern to audit like safety and waste management, and reporting guidelines. Reporting provides benefits like better performance measurement, stakeholder trust, and strategic advantages. In India, reporting is voluntary though the Companies Act requires some environmental reporting. Most large Indian companies follow Global Reporting Initiative guidelines in their sustainability reports.
Presentation delivered at the Women in Finance Conference, South Africa.
The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.
The document outlines Ethiopia's roadmap for adoption of International Financial Reporting Standards (IFRS). It discusses the challenges of adopting IFRS and strategies to address them. The roadmap involves a three-phase transition over three years, beginning with significant public interest entities in 2009 and ending with small and medium entities in 2011. It emphasizes the need for education, training, legal and regulatory changes, and monitoring to ensure successful adoption.
The document outlines Ethiopia's roadmap for adoption of International Financial Reporting Standards (IFRS). It includes a three-phase transition plan over three years, beginning with significant public interest entities in 2009 and ending with small and medium entities in 2011. It discusses requirements for entities to disclose effects of adoption and for audit firms to report on their IFRS preparation. It also proposes a task force to support implementation and address issues arising during the transition period.
Sound governance and effective institutions are essential to achieve shared prosperity and sustained reductions in poverty.
Public accountability and proper governance contribute to better delivery of public services, support competition and growth, including through cooperation with private sector.
Quality information helps the government properly analyze risks and play their essential roles in resolving the complex and interconnected challenges in variety of sectors, including in health, social protection and education.
The document discusses asset management strategies and frameworks. It describes how asset management has evolved from primarily maintenance to a more proactive approach focused on cost savings, profitability, service levels, safety, and CSR. It notes that while effective asset management provides benefits, it can be complex and requires buy-in from senior management and different stakeholders. The document then introduces ISO 55000 as an international standard that provides an "out of the box" framework for asset management, including establishing objectives, plans, and continual improvement processes.
Discover the essentials of ESG and Sustainability Reporting. Learn how to effectively report on Environmental, Social, and Governance criteria to enhance transparency and accountability.
Business Responsibility and Sustainability .pdfaakash malhotra
Read Deloitte India’s Business Responsibility and Sustainability Report and what it means for the top 1,000 listed entities in India. The Securities and Exchange Board of India (SEBI) introduced new requirements for sustainability reporting by listed companies. It aims to establish links between the financial results of a business with its ESG performance.
The document summarizes information about the Sustainability Knowledge Group, a global advisory firm focused on CSR and sustainability solutions. It provides an overview of the services offered, including sustainability reporting, strategy, and training. It also discusses how the GRI and SASB sustainability reporting standards work together to provide a comprehensive picture of a company's ESG performance and meet the needs of different stakeholders.
Integrated reporting 101; Getting started with Integrated Reporting in IndiaVrushali Gaud-Shinde
Introduction to Integrated reporting - India
The Securities Exchange Board of India (SEBI) recently raised a circular recommending top 500 companies to adopt Integrated Reporting. This is a quick guide that answers the Why? What? How? questions to get Indian companies started with Integrated Reporting.
Etude PwC sur le reporting intégré (sept. 2014)PwC France
http://bit.ly/Reporting-PwC
Selon une étude du cabinet d’audit et de conseil PwC, 80 % des investisseurs s’accordent à dire qu’un reporting de qualité influence leur perception de l’entreprise. Pour près de deux tiers d’entre eux (63 %), la qualité du reporting d’une entreprise pourrait avoir un impact financier direct sur le coût de son capital.
This document provides guidance on producing a sustainability report. It discusses why organizations produce sustainability reports, which is typically to build trust with stakeholders and increase transparency. It also covers determining the target audience, assessing material issues, and different reporting formats like standalone reports, sections of annual reports, and online reporting. The document emphasizes that defining the purpose and intended audience is important before beginning the reporting process. It also highlights that assessing material issues through stakeholder engagement is a key aspect of sustainability reporting standards.
This document provides an overview of chapter 1 of an accounting textbook, including a table of topics covered in the chapter and case/question assignments. It also includes sample solutions to codification exercises and answers to questions about the development of accounting standards and standard-setting bodies in the United States.
A Framework For Business SustainabilityJustin Knight
This document discusses creating a framework for business sustainability based on existing business excellence models. It proposes integrating a focus on key stakeholders into existing business excellence criteria to create a business sustainability framework. This framework can then be used to guide organizations in achieving long-term economic, environmental and social goals. It involves assessing performance using criteria like leadership, strategy, knowledge and continuous improvement, and tracking results over time. An integrated management system is recommended to support implementation of the business sustainability framework.
Sustainability Reporting: Definition, Benefits, And Challenges | Enterprise W...Enterprise Wired
Sustainability reporting has emerged as a critical tool for organizations to transparently communicate their environmental, social, and governance (ESG) performance.
The document outlines the Financial Conduct Authority's (FCA) strategy. It discusses:
1) Achievements since the FCA's creation including enforcement actions and new initiatives.
2) Challenges facing regulation like an aging population, increased debt, and advancing technology.
3) Key aspects of the new strategy including sharpening focus on large firms/sectors, integrating authorization and supervision, and creating a common FCA view across markets and sectors.
4) Organizational changes to implement the strategy like consolidating market intervention work and prioritizing resources more effectively.
The document outlines the Financial Conduct Authority's (FCA) strategic review and plans for the future. Key points include:
1. The FCA has achieved successes like enforcing rules on LIBOR and payday lending caps, but faces increasing demands on its resources.
2. The FCA will prioritize large firms, sectors, and risk-based small firm supervision. It will merge market intervention work and take a more strategic, data-driven approach.
3. The FCA will create a common view of markets and sectors, bring risk and oversight functions together, and align communications more closely with strategy to influence at an earlier stage. It will also review processes to enable faster decision making.
The document discusses green auditing, including planning, areas of concern, reporting, and implementation. It provides an overview of the necessity of green audits and differences between internal/external audits. Key aspects of audit planning discussed are engagement circumstances, risks, intended users, and standards like AA1000. Areas of concern addressed include regulations, waste management, and supply chain risks. Reporting guidelines from India, GRI, and benefits of reporting are covered. Implementation is shown to involve deciding to report, identifying impacts and audiences, and assuring and publishing the final report.
The document discusses green audit planning and reporting. It covers the necessity of green audits, audit planning considerations like engagement risks and intended users, areas of concern to audit like safety and waste management, and reporting guidelines. Reporting provides benefits like better performance measurement, stakeholder trust, and strategic advantages. In India, reporting is voluntary though the Companies Act requires some environmental reporting. Most large Indian companies follow Global Reporting Initiative guidelines in their sustainability reports.
Presentation delivered at the Women in Finance Conference, South Africa.
The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.
The document outlines Ethiopia's roadmap for adoption of International Financial Reporting Standards (IFRS). It discusses the challenges of adopting IFRS and strategies to address them. The roadmap involves a three-phase transition over three years, beginning with significant public interest entities in 2009 and ending with small and medium entities in 2011. It emphasizes the need for education, training, legal and regulatory changes, and monitoring to ensure successful adoption.
The document outlines Ethiopia's roadmap for adoption of International Financial Reporting Standards (IFRS). It includes a three-phase transition plan over three years, beginning with significant public interest entities in 2009 and ending with small and medium entities in 2011. It discusses requirements for entities to disclose effects of adoption and for audit firms to report on their IFRS preparation. It also proposes a task force to support implementation and address issues arising during the transition period.
Sound governance and effective institutions are essential to achieve shared prosperity and sustained reductions in poverty.
Public accountability and proper governance contribute to better delivery of public services, support competition and growth, including through cooperation with private sector.
Quality information helps the government properly analyze risks and play their essential roles in resolving the complex and interconnected challenges in variety of sectors, including in health, social protection and education.
Similar to Singapore 2024 Sustainability Slides.pdf (20)
Este documento resume los Principios de Gobierno Corporativo del G20 y de la OCDE revisados, los cuales establecen estándares internacionales para una buena gobernanza corporativa. Se destaca que los Principios ahora incluyen un nuevo capítulo sobre sustentabilidad y resiliencia que promueve la divulgación de información relacionada con la sustentabilidad y el aseguramiento externo de esta información, y aclara que los consejos deben considerar oportunidades y riesgos materiales de sustentabilidad. El documento también resalta la
Este documento resume las perspectivas de los directores de empresas sobre los Principios de Gobierno Corporativo de la OCDE-G20. Mientras que la OCDE se enfoca en proteger a los accionistas e inversores, los directores ven el gobierno corporativo como un sistema para generar valor sostenible a largo plazo para la organización, sus partes interesadas y la sociedad. Algunas diferencias clave incluyen el rol del accionista, ya que los directores deben tomar decisiones de manera independiente, y el tratamiento de las partes interesadas, c
Experts from the International Auditing and Assurance Standards Board (IAASB), the European Commission (EC), the Committee of European Audit Oversight Bodies (CEAOB), assurance service providers, investors and the business community met to discuss the regulatory, policy and standard-setting path toward high-quality sustainability assurance.
Este documento presenta un resumen de la Norma Internacional de Contabilidad del Sector Público (NICSP) para la presentación de estados financieros en base de efectivo. La norma establece que los estados financieros deben incluir un estado de cobros y pagos en efectivo, políticas contables y notas explicativas. También recomienda revelar información sobre asistencia externa y de otro tipo recibida.
El documento presenta información sobre las Guías de Prácticas Recomendadas del IPSASB, incluyendo las GPR 1, 2 y 3. Resume los temas clave cubiertos por cada guía, como la presentación de información sobre sostenibilidad fiscal a largo plazo (GPR 1), el análisis y comentario de estados financieros (GPR 2), e información sobre rendimiento de servicios (GPR 3).
Este documento presenta un resumen del Marco Conceptual para la Información Financiera con Propósito General de las Entidades del Sector Público. Explica los objetivos y usuarios de la información financiera, las características cualitativas que debe cumplir, los elementos de los estados financieros, y los principios de reconocimiento y medición de activos y pasivos. También describe las características clave del sector público y las restricciones en la información incluida en los informes financieros.
Este documento proporciona una guía sobre la Norma Internacional de Contabilidad del Sector Público 33 (NICSP 33) sobre la adopción por primera vez de las Normas Internacionales de Contabilidad del Sector Público sobre la base de devengo. La NICSP 33 establece los requisitos para la preparación y presentación de los primeros estados financieros de una entidad cuando adopta las NICSP por primera vez. Incluye exenciones opcionales y exenciones que afectan la presentación razonable, así como requisitos de revelación durante el
Este documento trata sobre la contabilidad de las transacciones en moneda extranjera y las operaciones en el extranjero de las entidades del sector público. Explica conceptos como moneda funcional, reconocimiento inicial y posterior de partidas monetarias y no monetarias en moneda extranjera, y el tratamiento contable de las diferencias de cambio. También cubre los requisitos de revelación relacionados con la moneda extranjera.
Este documento presenta los requisitos para la presentación de información presupuestaria en las entidades del sector público. Establece que las entidades deben comparar los importes presupuestados con los importes reales, ya sea en columnas adicionales en los estados financieros o en un estado financiero separado, dependiendo de si la base del presupuesto y los estados financieros son comparables. También requiere notas de revelación que expliquen las diferencias entre el presupuesto original y el final, la base presupuestaria y de clasificación, el período
Este documento presenta las revelaciones de partes relacionadas según el Manual de Pronunciamientos de Contabilidad del Sector Público. Define parte relacionada como una entidad que puede controlar o influir significativamente a otra, y ofrece ejemplos como entidades asociadas y personal directivo clave. Explica que las revelaciones deben incluir la existencia de partes relacionadas, transacciones con ellas, y detalles sobre el personal clave de gestión para promover la transparencia y rendición de cuentas.
El documento presenta la información sobre el estado de flujos de efectivo. Explica que el estado de flujos de efectivo proporciona información sobre cómo una entidad genera y utiliza efectivo y tiene valor predictivo. Describe que el estado clasifica los flujos de efectivo en actividades operativas, de inversión y de financiación. También cubre conceptos como efectivo y equivalentes de efectivo, y los métodos directo e indirecto para preparar el estado.
Este documento presenta una introducción a los estados financieros requeridos para las entidades del sector público de acuerdo con las Normas Internacionales de Contabilidad para el Sector Público. Explica que los estados financieros deben incluir un estado de situación financiera, un estado de rendimiento financiero, un estado de cambios en los activos netos/patrimonio y un estado de flujo de efectivo, así como notas explicativas. También cubre conceptos clave como materialidad, presentación, revelación y clasificación corriente/no corriente
Este documento describe las combinaciones del sector público, incluidas las fusiones y adquisiciones. Una fusión ocurre cuando dos entidades se combinan sin que ninguna obtenga el control de la otra, mientras que una adquisición ocurre cuando una entidad obtiene el control de la otra. Las fusiones se contabilizan usando el método de contabilización de la unión de intereses modificado, mientras que las adquisiciones se contabilizan usando el método de adquisición.
Este documento proporciona una introducción a las Normas Internacionales de Contabilidad del Sector Público (NICSP) 34-38, que establecen los requisitos para la consolidación de estados financieros y la contabilización de inversiones en asociadas y negocios conjuntos. Explica los conceptos clave de control, influencia significativa y control conjunto, y cómo se aplican estas normas dependiendo del tipo de participación que tiene una entidad en otra. También resume los procedimientos de consolidación, contabilización de adquisiciones y disposiciones, y requis
Este documento proporciona requisitos de revelación para instrumentos financieros de acuerdo con el Manual de Pronunciamientos de Contabilidad del Sector Público. El objetivo es permitir que los usuarios evalúen la importancia de los instrumentos financieros para la situación financiera de la entidad y la naturaleza y alcance de los riesgos asociados. Se requiere revelar categorías de activos y pasivos financieros, partidas de ingresos y gastos, políticas contables, contabilidad de cobertura, valores razonables, prést
More from International Federation of Accountants (20)
Vadhavan Port Development _ What to Expect In and Beyond (1).pdfjohnson100mee
The Vadhavan Port Development is poised to be one of the most significant infrastructure projects in India's maritime history. This deep-sea port, located in Maharashtra, promises to transform the region's economic landscape, bolster India's trade capabilities, and generate a plethora of employment opportunities. In this blog, we will delve into the various facets of the Vadhavan Port Development: what to expect in and beyond its completion, and how it stands to influence the future of India's maritime and economic sectors.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts – self-executing contracts with the terms of the agreement
🔥Jamshedpur Call Girls 🫱 7023059433 🫲 High Class Independent Escorts Service ...
Singapore 2024 Sustainability Slides.pdf
1. Sustainability Disclosure—its reporting and assurance—
offers a unique opportunity to enhance the relevance
and attractiveness of the accountancy profession.
IFAC’s 4-Challenges are designed to help our profession
achieve this goal.
Sustainability
Opportunities and Challenges for our Profession
2. Champion an
Integrated
Mindset
FirstChallenge
Sustainability Starts Inside Companies that put sustainability-related factors on
equal footing with financial and performance-related goals and objectives.
Bridging Information Silos that may exist between finance/accounting departments and
sustainability teams will bring rigor to sustainability-related information/disclosures.
Connectivity & Integration in Reporting of sustainability and financial information
enhances decision usefulness of reporting/information and promotes long-term value for
shareholders and broader society.
3. Global
Baseline for
Reporting
SecondChallenge
A Harmonized Global System for sustainability reporting—built upon ISSB’s financially
material disclosures—offers opportunity to avoid unnecessary cost / complexity / confusion.
A Building Blocks Approach to sustainability reporting allows jurisdictions to compliment
the ISSB global baseline with additional disclosures that address local objectives.
Alignment / Interoperability / Equivalence starts with implementing ISSB
requirements—without carveouts—and then prescribing any incremental, local requirements.
Jurisdiction-specific standard setting that seeks alignment or interoperability with ISSB standards
is not the path to a harmonized, global system—like IFRS Accounting Standards.
4. Assurance,
Ethics and
Independence
ThirdChallenge
High-Quality Assurance depends on ISSA 5000 becoming the global baseline for general
purpose sustainability assurance engagements, for all practitioners.
An ESG-Specific Code for independence and ethics in sustainability reporting and
assurance—for all practitioners (e.g., IESSA) delivers an integrated solution (along with ISSA 5000).
Public Interest—IESBA and the IAASB are internationally-recognized, global standard-setting
bodies with a public interest mandate—delivering standards designed for all practitioners.
A Level Playing Field built on consistent regulatory oversight is needed. Otherwise, investors
and other users of sustainability information will not be able to rely on what companies report.
5. Capacity
Building
FourthChallenge
Awareness Raising for a shared vision of a global system for sustainability disclosure that
builds on the complimentary—not competing—nature of financial impact and societal impact
information.
Education—training, learning, and skills development that marry existing skills and
competencies of professional accountants with new ESG knowledge.
Research and data facilitates dialogue about high quality disclosure, assurance, governance,
and regulation; provides metrics for tracking progress; and informs evidence-based policy.
Focus on Companies who must prepare for mandatory disclosure requirements and develop
systems, processes, internal controls and governance to support high quality reporting / assurance.
6. PAOs need a roadmap for success
to meet these challenges and capitalize on
opportunities to leverage our unique experience and
competencies.
This includes working proactively and collaboratively
with local regulators
What’s Next
10-STEP Framework for PAOs
雅虎竞拍
煤炉代买
paypay商城
乐天二手
日本亚马逊
乐天新品
ZOZOTOWN
