Just came back from an accounting conference in London about the United Nation’s Sustainability Development Goals...  (WIKIPEDIA) What does all this mean for sustainability accounting?
Great article in Accounting Today by Michael Cohen (Technology Reporter) about the United States Securities and Exchange Commission looking more closely at XBRL data tagging of financial statement & footnotes of public company disclosures more closely now
The Sustainability Accounting Standards Board (SASB), is an independent 501(c)(3) nonprofit organization that issues sustainability accounting standards for the disclosure of material sustainability information in SEC filings
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She has worked tirelessly behind the scenes to gain support and adoption of XBRL global data standard by the accounting profession to support the management accountant
The same is now being applied to food services – but what about medical services or other professional services liking accounting, management consulting, public relations, auditing, public service not is use?
Good insight into where the open, freely available business/accounting global data standard (XBRL) for data tagging is headed to help the management accountant inside an organization
To read the full story please go to the following LINK #Corpgov #ACCA #corporatedirector #sustainability #Compliance #IMA #HotTopic #cfo #Treasury #Accounting #cybersecurity #AccountingTechnology #cloud #CMA #CSR #ESG #banking #accountingsoftware #News #managementaccountant
Several of these government agencies - like the Federal Reserve - use different accounting standards for financial reporting from other federal agencies
The IMA and the Sustainability Accounting Standards Board (SASB) have recently partnered on this topic and more than 50 of the largest US companies are beginning to use the SASB reporting framework for non-financial reporting
US GAAP does not include non-financial accounting metrics. Key question in the United States: will the capital markets stay relevant to meeting both the needs of investors and the public if this non-financial information is not disclosed and/or the accounting standard bodies don’t recognize non-financial data from an accounting perspective?
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