TAKEAWAYS When auditing and assurance standards are not robust, or are insufficiently current to keep pace with the changing demands of stakeholders, their value and relevance diminish. Auditors should keep abreast of the developments on the auditing and assurance standards; here are the key developments of relevance: SSA 600 (Revised); exposure drafts ISA 570 (Revised), […]
TAKEAWAYS Within the past three years alone, we have witnessed a slew of important developments that are driven by the demand for decision-useful information from stakeholders who support climate action or other sustainability causes. We are at the cusp of sustainability reporting being part of mainstream reporting. Just as adapting to the climate crisis is
At The Inflection Point Of Sustainability Reporting: Where Are We Headed Next? Read More »
Preface/Background Before we start to discuss ChatGPT’s foreseeable impact within the field of accounting, let us first understand what defines ChatGPT as a whole as well as what it entails for the field of AI and all other interrelated industries. First off, let us break down the name of the AI model itself, “ChatGPT”. It’s
Will ChatGPT Impact the Future of Accounting? Read More »