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CFO Dive | June 24, 2021

Low-Quality Assurance of ESG Reports Pose Stability Risk: IFAC

Only 51% of companies back up their reports on sustainability with assurance, a study of 1,400 companies by the International Federation of Accountants (IFAC) found, warning that low-quality assurance is an "emerging investor protection and financial stability risk."

Accountancy Today | June 24, 2021

Lack of Standardization in Sustainability Assurance, Says IFAC

A recent study by the International Federation of Accountants (IFAC), in partnership with the AICPA and CIMA (representing the Association of International Certified Professional Accountants), has found a lack of standardization in sustainability assurance globally.

Accounting Today | June 23, 2021

Sustainability Assurance Seen as Full of Inconsistencies

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization, according to a new report.

Forbes | June 17, 2021

Improving Accountability Around The World Through Accruals

The Index analyzes data from across 165 jurisdictions to understand the accounting bases and frameworks used in public sector financial reporting, specifically with a view to track the adoption of accrual reporting. By providing a comprehensive view of government finances, accrual reporting helps...

Accountancy Today | June 17, 2021

50% of Governments to Report on Accrual Basis by 2025, Says CIPFA

The report was drawn from the IFAC Index, which captures current and future use of public financial reporting bases and frameworks by governments around the world. The index found that while 30% of governments report on an accrual basis in 2020 (an increase of 6% since 2018), 50% will report on...

This Day | May 21, 2021

How Accountancy Profession Will Help Achieve Nigeria’s Digital Future

To the consumer, digital transformation might appear seamless: new services and products appear all the time, and with the push of a button we discover new levels of convenience and efficiency. But behind every success story is hard work, careful planning, and constant adaptation. Given the...