In support of robust sustainability reporting, the International Federation of Accountants (IFAC) has released a report, ‘Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control,’ which aims to equip professional accountants for upcoming mandatory sustainability reporting requirements.
We note with interest recent reports that listed companies in China are being asked to improve the effectiveness of their internal controls in financial reporting, and the quality of the information they produce.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
