Corporate Reporting


The European Federation of Accountants (FEE) published a discussion paper, Key Issues in Sustainability Assurance—An Overview, encouraging the International Federation of Accountants to develop an international standard for sustainability assurance ( www.fee.be ). FEE said such a standard would improve auditors’ ability to assess corporations’ reports on the effectiveness of their efforts to minimize any negative social or environmental consequences of their economic and financial activities. Because corporate sustainability reports can significantly affect a company’s public image, the completeness and accuracy of their contents are indispensable. FEE reviewed the current standards of France, Germany, the Netherlands and Sweden, and identified a need for standards that are more robust than the existing ones, which it said provide inadequate, generic assurance.

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2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.