What is a sustainability rating? How do you get one, and how can it help your business? There are many new questions that business leaders are trying to answer as they begin the transition to a sustainable business model. In this post we are gong to help you understand the field and point you in […]
As companies strive for efficiency and sustainability, the need for integrated reports is increasing. Integrated reports are a compilation of financial and non-financial information that provides a holistic view of a company’s performance. They allow stakeholders to assess a company’s ability to create value over time, and can help identify areas for improvement. The need
A social equity audit is an evaluation of how a company’s policies and practices impact different social groups. The goal of a social equity audit is to identify any disparities and then work to correct them. The term “social justice” refers to the idea that everyone should have an equal opportunity to participate in society,
The United States is a diverse country. Its citizens come from all over the world and speak many different languages. When it comes to age, gender, race, income level, and religion there are a lot of differences in this country. But when you look at civil rights there is no diversity. There are only two
Audits are an important tool in risk management. They can be used to monitor a company’s financial performance and compliance with laws, regulations, and contractual agreements. Auditing is primarily conducted by organizations to provide assurance about their systems of internal control over financial reporting, which facilitates the preparation of external reports such as for income
Auditing cycles are important part of financial statement auditing. They are the means by which an auditor obtains sufficient, competent evidential matter to form an opinion on a company’s financial information. An audit evidence cycle begins with the identification of risks and ends with the issuance of an auditor’s report. In this post, we will
The Kyoto Protocol is an international treaty that was first agreed to in 1997. The purpose of the treaty is to reduce greenhouse gas emissions in order to prevent global warming. To date, over 190 countries have signed the agreement, making it one of the most widely supported treaties in history. In this post, we
Carbon trading is a program to reduce the amounts of carbon dioxide and other greenhouse gases in the atmosphere. This can be accomplished by either reducing or preventing emissions or by removing excessive quantities from the air. Carbon trading programs provide financial incentives for businesses and individuals to reduce their emissions. The goal of these
You may not know what auditing is or how it applies to you, but you should. Auditing is the process of systematically examining and reviewing an entity’s accounts and records so as to verify their accuracy, reliability, legitimacy, and completeness. It has evolved over time into a procedure that every company needs to do in
This is a question that many people ask, but not enough understand the answer to. The Statement on Standards for Attestation Engagements is an auditing standard for service organizations, produced by the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board (or SSAE) developed these standards in order to ensure that organizations like yours