Datamaran’s Post

Should be a good session

Businesses are facing two perplexing issues: a shortage of accountants and looming ESG (environmental, social and corporate governance) reporting requirements. However, the solution may be at hand if we reframe these two issues into one. Should we task accounting teams with an evolving ESG reporting puzzle? Even while many struggle to maintain the staff required to meet existing expectations? Join us for a webinar in partnership with Accounting Today on December 12 to learn more. See below.

Before the Christmas break IFAC published "Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control" to address the demand for high-quality sustainability reporting and to prepare professional accountants for mandatory international and jurisdictional reporting and assurance requirements. 👀 In case you missed it have a look: https://lnkd.in/eCwBVYzF This analysis highlights how : ✅ companies can integrate #sustainability information within their existing #internalcontrol and #governance frameworks ☑ professional accountants are ideally positioned to leverage existing internal control frameworks and apply them to sustainability information—enhancing both data quality and the connectivity of sustainability and financial reporting. See also IFAC's website (https://www.ifac.org/) and the ISSB’s Knowledge Hub which includes free resources for preparers to help them prepare for applying IFRS S1 and IFRS S2. 👉 https://lnkd.in/expsQGY8 #sustainabilityreporting ; #trust; #sustainabilityassurance; #professionalaccountant; #accountants ; #issb ;International Sustainability Standards Board (ISSB)

Integrated internal control is of utmost importance but external controls must be separate for companies with highly material related parties.

With the emerging and increasing mandatory Sustainability reporting requirements like European Union's CSRD, IFRS’ Sustainability Disclosure Standards and SEC’s newly instituted Climate Change Disclosure adopted in March 2024, companies have been scrambling to build the required reporting framework and infrastructure to enable compliance. These rules require companies to disclose information about the nature, scale, likelihood and/or timeframe of climate-related risks and risk management/carbon offsetting strategies in their Registration statements, Annual reports and Periodic reports (e.g Forms 10-K, Form 20-F). The question on the lips of many business executives is where do we start from? The IFAC has proposed that an integrated internal control environment, based on an integrated mindset, is the foundation for transitioning to a more sustainable business model. This is because in their view an integrated internal control environment establishes robust data collection, processes and controls. https://lnkd.in/ezTXURFr PwC have also provided great resources to help you better understand some of the reporting requirements and how you can begin to stare your company/clients towards compliance with these requirements. https://lnkd.in/e9hQ9TfV https://lnkd.in/enXARiwT Please lend your voice to this conversation via IMA | Institute of Management Accountants Sustainable Business Management Shared Interest Group (SIG), and share how you are, or intend to help your organization/clients begin their journey to building the frame work for Sustainability Reporting. Use the link below to join the conversation https://lnkd.in/eKpfpdUX #ima #cma #imasig #instituteofmanagementaccountants #sharedinterestgroup #accounting #sustainability #financialreporting #sustainabilityreporting #csg #csr #corporatecitizenship #futureofaccounting #futureoffinance #ifac #pwc #sec #coso

Final Call: Join us for our insightful webinar series! Part 2: Understanding Non-Financial Reporting Assurance: Ensuring Transparency and Accountability Thursday, April 18 | 10-11am CET What to expect: ✅ Insight into the rising trends of global non-financial reporting and regulatory frameworks ✅ A clear breakdown of the assurance process for non-financial reporting ✅ A case study demonstrating the value of assurance in fostering transparency and accountability Meet Our Experts: Ryan Foo, Senior Technical Manager at TÜV Rheinland, is an authority in sustainability and supply chain auditing. With over 10 years in the field, his expertise spans ESG reporting, life cycle assessment, and standards such as ISAE 3000 and AA1000AS v3. As a GRI trainer, Ryan has also contributed to the translation of GRI guidelines. Natalie A., Global BD Manager, will be steering the conversation, ensuring a dynamic and informative session. Join us to gain critical insights and engage with our experts. 👉 Reserve your seat today! http://tuv.li/1kia #TÜVRheinland #Webinar #NonFinancialReporting #ESG #CSRD #Sustainability #Assurance #Transparency #Accountability

Having an environmental, social, and governance (ESG) program allows companies to have a purposeful set of processes with relevant controls to address the needs of ESG-related information. Laurie Hoose, PMP, Senior Manager and ESG Practice Leader, and Jack Kristan, CPA, CIA, Partner, Risk and Accounting Advisory Practice at Plante Moran, share best practices for setting up an ESG program. #cpa #accounting #cpe #cpd #esg #esgstrategy

Sustainable Growth

Environmental, social, and governance (ESG) initiatives are becoming more important—and the need for organizations to report how their operations impact the world will only increase.    For management accountants, it’s a strategic imperative that goes far beyond compliance and disclosure. That means accounting and finance professionals need to be well-versed in governance principles to address risks and align ESG objectives with a company’s long-term financial goals.   Check out our Strategic Finance article to learn how the IMA Management Accounting Competency Framework can ensure your ESG reporting efforts are measuring up: https://lnkd.in/e8dxni_f   #EarthDay #ManagementAccountant #sustainability

Looking forward to our third episode in the series, which will help explain how industry based metrics can be used to support corporate disclosures in line with International Sustainability Standards Board (ISSB) #capacitybuilding