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Corporate ESG reporting: Disclosure inconsistency lingers

Future CFO

Additional key findings Use of Sustainability Accounting Standards Board (SASB) standards and the Task Force on Climate-Related Financial Disclosures (TCFD) framework have increased significantly between 2019 and 2021: there was a 29% increase for SASB standards usage and 30% for the TCFD framework.

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FinTech Targets The Cash Flow Needs Of CPAs

PYMNTS

We saw that a vast majority of payment solutions available to CPA and accounting firms today were broadly created for general use by businesses across virtually all industries,” Hall told PYMNTS in a recent interview. These solutions create a disjointed, and sometimes ‘bloated’ experience for accounting professionals.”.

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More firms obtain independent assurance on ESG data

Future CFO

The use of, or reference to, Sustainability Accounting Standards Board (SASB) standards more than doubled in 2020. This is important because new disclosure proposals from the International Sustainability Standards Board (ISSB) include and build upon SASB standards.

IFRS 52
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ASC 606 Nonprofit Revenue Recognition Rules for Exchange Transactions

The Charity CFO

The Financial Accounting Standards Board (also known as the FASB) defines and codifies all nonprofit accounting regulations here in the United States, so this falls under FASB jurisdiction. . For a more in-depth discussion of ASC 606, please see FASB Accounting Standards Update. What Is ASC 606?

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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax.

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Big Four Seek Guidance On Trade Finance

PYMNTS

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

Finance 40
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Accounting Security: How To Keep Financiallv Data Secure And Safe.

CFO Network

Federal law, for example, protects the integrity of financial statements while ensuring proper accountability in accounting standards with its requirement on annual reports filed by firms who regularly work with federal agencies like NASA or USDA (United States Department Of Agriculture).