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Sustainability At a Glance - IFRS Sustainability Disclosure Standards summarises each of the standards issued by the International Sustainability Standards Board on a few pages.The ISSB issued IFRS S1 and S2 in June 2023. These standards set a 'global baseline' for disclosure of sustainability...
Today's constantly evolving business environment makes mergers and acquisitions (M&As) vital strategies for companies seeking to gain a competitive advantage, expand their reach, or achieve strategic objectives. It is important to note that the ultimate success of a deal is the seamless...
Much has been written – and will continue to be written - about the importance of sustainability in an organisation’s strategy, and communication with stakeholders. For many, the journey towards a sustainable future is in its infancy and inevitably these organisations will face the prospect of...
In an era where digital transformation has become synonymous with business growth, the role of cybersecurity has evolved into a critical component of corporate governance. The Board of Directors plays a pivotal role in safeguarding a company's digital assets, reputation, and customer trust. This...
ESRS will require companies in the EU or that do significant business in the EU to disclose thousands of new data points on topics such as climate change, pollution, own workforce and business conduct. The requirements of the new standard are complex, and BDO’s Sustainability At a Glance...
The IASB is expected to issue a new IFRS Accounting Standard (expected to be IFRS 18) in the first half of 2024, which will significantly update the requirements for financial statement presentation. This new standard will introduce requirements for how the statement of profit or loss is...
While a variety of complex topics make up the ESG landscape, not every environmental, social and governance issue will be of equal importance to your organization.An effective ESG strategy and program begins with understanding the highest priority topics for your business and stakeholders. To...
The end of the financial year for many businesses is approaching fast, and finance teams will scramble to close the books and produce their year-end financials.However, the year-end shouldn’t be a difficult and dreaded time. A successful rapid year-end comes down to planning and clear...
BDO has released IFRB 2023/08 IASB issues amendments to IAS 21 – Lack of Exchangeability.The IASB recently issued Lack of Exchangeability which amended IAS 21 The Effects of Changes in Foreign Exchange Rates. The amendments introduce requirements to assess when a currency is exchangeable into...