In the world of accounting, there are many things that must be considered in order to have a high-quality, successful audit. One would think that the only thing one needs to worry about is whether or not they’ve done their job well and everything else falls into place. But in reality, it is so much […]
Diversity Reporting is a relatively new trend in the financial world. It’s becoming more and more popular, with many companies around the world starting to include it as part of their regular reporting process. There are several different ways that organizations can go about diversity reporting, but they all have one purpose: to measure the
Audit quality is a significant factor in ensuring that companies and investors alike can rely upon the accuracy of financial statements. The audit process should be seen as an opportunity to examine company processes and identify areas for improvement, but if auditors do not perform their work with integrity it could lead to misinterpretation of
UK: While thematic funds have seen strong inflows over the past four years – with assets quadrupling from less than $150bn in 2017 to over $600bn as of August 2021 – only 7% are estimated to be incorporating ESG in stock selection or index construction, according to the index provider. Thematic funds investing in the
Performance Audits are a process of evaluating how well an organization meets its original goals. They are designed to highlight strengths and weaknesses in an organization’s performance, as well as identify opportunities for improvement. The audit may be conducted by a third party or by people within the organization way, it is an important step
London, UK: Responsible investment funds attracted two thirds of UK fund flows in September, as investors pumped £1.6bn into the funds. In total retail sales amounted to £2.3bn in the month, with ESG and socially responsible investment seeing the second highest month of inflows since March, according to the Investment Association. Chris Cummings, chief executive
Sustainability assurance is a certification that ensures the sustainable production of products and services, in terms of improving living conditions, social responsibilities and environmental performance. It is a third party verification of sustainability efforts, including reports on sustainability or ESG audits. There are many companies out there which provide Sustainability Assurance services to help other
The Big Four is a term used to refer to the four largest professional service networks in the world: PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. The Big Four play an important role in shaping international standards of auditing and financial reporting for Environmental, Social, and Governance factors. With the world looking for
The number of stock markets in the world has increased drastically over the years. With this increase, more people are investing directly in these exchanges which is creating a global financial system. With Environmental, Social, and Governance factors being an integral part of sustainability for the global economy, there is more scrutiny on the world’s
ESG default insurance is a solution that forces a company to focus on specific stakeholders, helps the earnest ESG companies to separate from companies paying lip service, and gives socially active investors skin in the game by making it financially lucrative to sue a company if it reneges on its ESG promises, and empowers the