A road map for ESG disclosures and assurance

Source: AICPA, 18 February 2021

The building blocks of reliable, comparable and relevant environmental, social, and governance (ESG) information begin with a foundation of quality reporting by company management. The American Institute of CPAs and Center for Audit Quality have teamed up to provide audit >>> read more

GRI backs EU proposal for separate pillar on non-financial reporting

Source: Global Reporting Initiative (GRI), 15 January 2021

As part of the European Commission review of the Non-financial Reporting Directive (NFRD), it is exploring how new European sustainability standards could be created and managed.  The Commission has asked the European Financial Reporting Advisory Group (EFRAG) to consider the changes needed to its governance, if it were to take on responsibility for >>> read more

XBRL: “Momentum Built for Sustainability Reporting Standards”

Source: XBRL, 24 December 2020

2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that. >>> read more