Qaunain Anjum, ACA, ACCA(F)的动态

Sustainability & Audit: Driving Accountability in a Changing World The role of auditors is evolving. In a world increasingly focused on environmental, social, and governance (ESG) issues, the intersection of sustainability and audit is gaining prominence. Gone are the days when our work was limited to financial statements. Today, organizations are held accountable for their carbon footprint, diversity initiatives, and ethical practices. Stakeholders demand transparency not only in numbers but in the broader impact businesses have on society and the planet. So where does audit fit in? Ensuring Accuracy in ESG Reporting: Companies are making ambitious sustainability claims, but how reliable are they? Auditors play a critical role in verifying the authenticity of ESG metrics and ensuring compliance with emerging standards. Identifying Risks: Sustainability isn't just about doing good—it's about managing risks. Climate change, regulatory shifts, and societal expectations are risks that can impact a company's bottom line. Auditors can help organizations identify and mitigate these risks. Driving Accountability: By integrating sustainability into audit processes, we help bridge the gap between corporate promises and measurable action. This builds trust with stakeholders. Challenges Ahead: The audit profession faces new challenges—lack of standardized frameworks, limited expertise in ESG, and the need to adapt traditional audit methodologies to non-financial metrics. However, these challenges also present opportunities to lead the way in a rapidly changing world. Sustainability isn’t a buzzword; it’s the future of business. As auditors, we have a responsibility to ensure that this future is grounded in accountability, transparency, and real impact. What are your thoughts on the role of auditors in driving sustainability? #auditors #big4 #ey #auditdiaries #esg #sustainability

?? ???? ???????? ?????????????? ?????????? ?????? ?????? ????????? ?? The Corporate Sustainability Reporting Directive (CSRD) will require ???????? ??,?????? ?????????????????? ???? ?????????????? to collect and publish sustainability data. In 2025, ?????????? ??????-???????????? ?????????????????? meeting at least two of the following thresholds must prepare to publish in early 2026: ? €50M net turnover ? €25M balance sheet ? 250 employees ?? The clock is ticking for businesses to adapt! ?? Why Act Now? From our experience, ???????? ?????????????? ?????? ???????? ???????????????? ???????? ?? ???? ???? ????????????. In particular, we see ???????? ???????????????????? to be a ?????????? ??????????????????. Don’t wait until it’s too late! ?? EY's Holistic Approach: At EY, we’ve designed a comprehensive strategy combining the expertise of our Sustainability, Finance, and Technology Risk services to ???????????? ???????? ?????????????????? ???? ????????????????, ??????????????????, ?????? ?????????? ???? ???? ?????????????? ???? ???????? ???????????????? ??????????????. ? Already started working towards CSRD compliance? Great! EY can also assist ???????? ???? ?????? ???????????????? ?????????? ?????????? ?????? ?????????????? ??????????????????. ?? ???????????????????? ???? ???????? ????????? ?????????????? ???? ?????? ??????'?? ??????????????! (free of charge & without any further commitment) ?? #Sustainability #CSRD #EY #ESG #Compliance #Reporting Ludovic Deprez Nicolas Valette Sophie Chirez Arnaud Vanhove Stijn Elisabeth Jasper Godderis

The game is on! The Directive has been translated in Belgian law last week meaning that the countdown to the deadline has started! Please read the interesting post below and let me know if you have any question! #csrd #ey

New Audit Standards Alert: Embracing Change in ESG Reporting In the ever-evolving world of audit and assurance, a significant shift is upon us, especially around Environmental, Social, and Governance (ESG) issues. As these areas become increasingly critical, new audit standards are being introduced that will require us, as CPAs, to not only stay updated with the latest regulations but also to rethink our audit approaches. The focus on ESG not only highlights the need for transparency and accountability but also challenges us to broaden our expertise and adapt to new methodologies. This change is not just about compliance; it’s about opportunity—for innovation, for leadership in sustainability, and for setting new benchmarks in corporate responsibility. As we navigate these changes, staying informed and proactive is key. Here are a few steps we can start with: 1?? Educational Workshops: Engage in continuous learning sessions and seminars focusing on ESG auditing. 2?? Collaboration: Work together with experts in sustainability to integrate comprehensive ESG strategies. 3?? Technology Utilization: Leverage new tools and software designed to meet updated ESG reporting needs. The integration of ESG into audit practices is not just a trend but a transition towards a more sustainable future. Let’s lead this change by being at the forefront of adopting and promoting these new standards! ?? I’m interested to hear your thoughts and strategies on how you are preparing for these new audit standards. Let’s discuss! #AuditStandards #ESG #Sustainability #Accounting #CPA #ProfessionalDevelopment

?? ?????? ???????? ???? ???????????????? ???????????????? ???? ?????? ???????????? ?? What is an ESG Audit? ??Why ESG Audits Matter ??Key Roles of Internal Auditors ??Challenges in ESG Audits ??Best Practices for Effective ESG Audits ??The Future of ESG Auditing ?? ?????????? ???? ?????????? ???????? ???? ???????? ????????: https://lnkd.in/dmdi8rWj ?????????? ???? ???????? ?????? ????????????? ?????????? ?????????????????? ?????? ???????? ???????? ?????????? ???????????????? ??????????! #InternalAuditors?#ESGAudits #ESG?#Sustainability #CorporateGovernance #ESGCompliance #RiskManagement #InvestorConfidence #SustainabilityStrategy #InternalAudit #ESGReporting #CarbonEmissions #DiversityInclusion #EthicalBusiness #AuditBestPractices #SustainableBusiness #ESGTransparency #FutureOfAuditing #ESGStrategy #StakeholderEngagement #ESGRiskMitigation #AuditInnovation #CorporateResponsibility #SustainableFuture #GreenAuditing #SocialResponsibility #AuditProfessionals #ESGFramework #GlobalReportingInitiative

Internal auditor’s role in ESG disclosure and assurance: An analysis of practical insights Using survey data of 107 internal auditors, the authors of the paper published in our journal Corporate Ownership and Control provide empirical evidence about internal auditor’s role in environmental, social, and governance (ESG) disclosure and assurance. So far, academics and practitioners have not agreed on the responsibilities of internal auditing in ESG matters. Regression results give evidence for organizations’ and internal audit functions’ (IAFs) ESG maturity being associated with ESG reporting, while IAFs’ involvement in ESG shows a significant association with assurance of ESG reports. Results support the notion that the environmental pillar is perceived as the core element of sustainability bearing the highest risk, therefore propelling the need for assurance. The imbalance between assurance and consulting activities on part of IAFs stresses the potential to position the IAF as a value-adding entity in a complementary relation towards external auditors. The authors further elaborate on IAFs’ non-involvement in ESG and demonstrate the respective lack of awareness on part of stakeholders. Research provides valuable initial insights for internal audit practitioners in the field of ESG and implications for future research. #corporategovernance #audit #stakeholders #firmperformance #finance #accounting #ESG Find the full-text paper below https://lnkd.in/djEYMeYj

??The Future of Internal Audit in ESG: A Transformative Role for Business Success As Environmental, Social, and Governance (ESG) factors take center stage in business decision-making, the role of internal audit is undergoing a significant transformation. Companies are under increasing pressure from investors, regulators, and stakeholders to go beyond financial returns and show a true commitment to sustainability, ethical governance, and social responsibility. This shift creates a unique opportunity for internal audit to play a pivotal role in ensuring effective ESG practices across organizations. Key Areas Where Internal Audit Drives ESG Success: (1) Assessing ESG Risks: Internal auditors are now tasked with evaluating ESG-related risks, from climate change to diversity and inclusion, helping organizations manage these risks proactively. (2) Ensuring Compliance & Accuracy: As ESG regulations evolve, auditors ensure that companies comply with reporting standards, providing stakeholders with reliable, transparent ESG data. (3) Evaluating ESG Strategy Integration: Internal audit ensures ESG goals are embedded in the organization’s strategy, culture, and operations, fostering long-term alignment with business objectives. (4) Building Trust & Transparency: By verifying ESG performance, internal audit builds credibility and strengthens trust with stakeholders, supporting long-term value creation. The future of internal audit isn’t just about risk management—it’s about driving meaningful, sustainable change. Internal auditors are uniquely positioned to help organizations meet the growing demands for ESG performance, transparency, and accountability. #InternalAudit #ESG #Sustainability #Governance #RiskManagement