In an era where environmental, social, and governance (ESG) reporting has emerged as a critical avenue for companies to demonstrate their commitment to sustainability, the demand for reliable and transparent ESG reports has never been greater. However, the landscape of ESG assurance remains relatively uncharted, with research in this area still in its infancy. The […]
A recent European Investment Bank (EIB) climate survey reveals that Europeans over the age of 30 have a better understanding of climate change compared to younger generations. The survey highlights significant generational differences in awareness and perception of climate issues, emphasizing the need for targeted education and communication strategies. The EIB survey found that individuals […]
The recent U.S. Supreme Court decision in Chevron v. NRDC has caused concern over its potential impact on the SEC’s environmental, social, and governance (ESG) agenda. However, according to a recent article on Responsible Investor, legal experts believe that the fallout for the SEC’s ESG initiatives will be limited. The Chevron decision, which involved the […]
As environmental, social, and governance (ESG) factors gain prominence across industries, the defense sector is also adapting to these trends. A recent article by Strategy& (PwC) titled „The Evolving Role of ESG in the Defense Industry“ examines how ESG considerations are becoming integral to the defense industry’s operations and strategic planning. The defense industry has […]
As the corporate world increasingly recognizes the importance of diversity and inclusion, boardroom gender diversity has emerged as a critical area for reform and institutional monitoring. In their groundbreaking study published in the „Review of Accounting Studies,“ Larry Fauver, Mingyi Hung, Alvaro G. Taboada, and Emily Jing Wang explore the global impact of boardroom gender […]
In an era where environmental, social, and governance (ESG) concerns are becoming increasingly paramount, the role of internal audit teams in ensuring the integrity and reliability of ESG reporting cannot be overstated. With over 60 jurisdictions around the world considering new sustainability reporting requirements, the demand for verifiable ESG data is higher than ever. This […]
In a significant move that could reshape the landscape of corporate reporting, the Securities and Exchange Commission (SEC) has adopted new rules aimed at enhancing and standardizing climate-related disclosures for investors. Announced on March 6, 2024, these rules mark a pivotal step in the SEC’s ongoing efforts to provide investors with more consistent, comparable, and […]
In the ever-evolving landscape of the auditing profession, ethical conflicts (ECs) emerge as formidable challenges that auditors grapple with daily. These conflicts arise when auditors find themselves at a crossroads, torn between their personal values, professional obligations, and the actions they are compelled to take. The essence of such dilemmas is not only the struggle […]
In their recent research article, Stefan Simic, Le Luo, and Rina Datt provide intriguing insights into how compensation strategies within companies influence their decision to engage in carbon assurance. Published in September 2023, their study, titled „Compensation and carbon assurance: Evidence from the United Kingdom,“ explores a significant and timely topic given the growing urgency […]
Tracie Frost, Liwei Shan, Albert Tsang, and Miao Yu’s research, published in July 2022, examines the relationship between media coverage of corporate social irresponsibility (CSI) and audit fees on a global scale. Their study, using data from 35 countries, found a significant positive correlation between media exposure of CSI and increased audit fees. This relationship, […]
The article „Attracting the Next Generation of Accountants“ delves into the intersection of career choice and personal values in the wake of the COVID-19 pandemic. With a spotlight on Gen Z’s entry into the workforce and their affinity for sustainability, the study presents an intriguing exploration of how the accounting profession could evolve to meet […]
In the world of accounting, artificial intelligence (AI) is emerging as a game-changer. By automating operations, analyzing data, identifying fraud, enabling predictive analytics, and offering personalized financial advice, AI brings accuracy and efficiency to accounting processes. This transformative technology empowers organizations to make informed and sustainable decisions based on real-time data, aligning with Sustainable Development […]
