In June 2023 the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In June 2023 the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure Standards. 1. IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and 2. IFRS S2 Climate-related Disclosures. QUESTION: WRITE A REPORT COVERING THE FOLLOWING: i. ii. iii. iv. v. vi. Briefly describe the implication of IFRS S1 and S2 for business entities in Liberia and West Africa. Critically evaluate the role of the Liberian Institute of Certified Public Accountants (LICPA) in promoting the use of these standards in Liberia. Discuss the needs of the primary users of IFRS S1 and S2 Explain the transition reliefs to IFRS S1 and 2 requirements. Interview 3 people (at Senior level) each from 3 audit firms in Liberia on the firm's preparedness to audit IFRS S1 and S3 compliant financial statements. Analyses the responses of the interviews (similarities and differences in the responses). Examine the roles of the following bodies in developing sustainability accounting and auditing standards. a. International Sustainability Standards Board b. International Public Sector Accounting Standards Board c. International Audit and Assurance Standards Board d. International Ethics Standard Board for Accountants e. Pan-African Federation of Accountants (PAFA) In June 2023 the International Sustainability Standards Board (ISSB) issued its first two IFRS Sustainability Disclosure Standards. 1. IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and 2. IFRS S2 Climate-related Disclosures. QUESTION: WRITE A REPORT COVERING THE FOLLOWING: i. ii. iii. iv. v. vi. Briefly describe the implication of IFRS S1 and S2 for business entities in Liberia and West Africa. Critically evaluate the role of the Liberian Institute of Certified Public Accountants (LICPA) in promoting the use of these standards in Liberia. Discuss the needs of the primary users of IFRS S1 and S2 Explain the transition reliefs to IFRS S1 and 2 requirements. Interview 3 people (at Senior level) each from 3 audit firms in Liberia on the firm's preparedness to audit IFRS S1 and S3 compliant financial statements. Analyses the responses of the interviews (similarities and differences in the responses). Examine the roles of the following bodies in developing sustainability accounting and auditing standards. a. International Sustainability Standards Board b. International Public Sector Accounting Standards Board c. International Audit and Assurance Standards Board d. International Ethics Standard Board for Accountants e. Pan-African Federation of Accountants (PAFA)
Expert Answer:
Answer rating: 100% (QA)
To record the accrual of salary expense for onethird of the ... View the full answer
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
Posted Date:
Students also viewed these accounting questions
-
Provide the value for the displacement w by solving the following problem using two elements of equal length. p(x) = Po (2) FIG Q3: Beam with a distributed load. Knowing that the stiffness matrix of...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
what opportunities for skills development exist in care services? What should you do to develop your skills?
-
Chuck, a single taxpayer, earns $86,000 in taxable income and $20,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an...
-
What are the major differences between the collector characteristics of a BJT transistor and the drain characteristics of a JFET transistor? Compare the units of each axis and the controlling...
-
In working on a bid project, you have determined that $318,000 of fixed assets are required. These assets will be depreciated straight-line to zero over the 6-year life of the project. Ignore bonus...
-
The following information is taken from the annual report of the Walgreens Boots Alliance, Inc..: Walgreens uses LIFO to value its inventory. Restate the companys financial results for 2015 assuming...
-
Using capitalized cost determine which type of road surface is preferred on a particular section of highway Use 12% interest rate. A B Initial cost $700,000 $500,000 Annual maintenance Periodic...
-
Would you have excused Elonis's conduct under the First Amendment? What is the difference between a true threat and social media banter?
-
You are the owner of a small business that manages the program, food, and merchandise sales at the Excel Center, where the local professional basketball team plays. In addition to basketball games,...
-
Chee will graduate in two years and has started planning for his future. Chee wants to buy a house five years after graduation and the down payment for a house is $70,000. As of right now, Chee...
-
Rough endoplasmic reticulum is characterized by what?
-
At a recent board meeting of a perfectly competitive firm, the board considered a staff proposal the firm shut down their plant in Miami until a buyer is found. The Miami plant currently loses...
-
1. Investigate the following graph of GDP per Capita vs. Life Expectancy from Gapminder :...
-
Imagine you are chosen to be the IT project manager and must handle the following: You are frustrated with the efforts of your project team and you need to reiterate the big picture. How would you...
-
Identify potential barriers to development by conducting a needs assessment for stress management program in the workplace, a barrier assessment, and the critical resources you will need based on...
-
King Bathroom Fixtures (KBF) makes faucets, basins, and so on primarily for home use and sold through major retail chains. The design team at KBF has been working on a unique design to provide...
-
What does non-recourse financing mean?
-
Michael Atisse, a carpenter, has the following trial balance as at 31 December 2012. You have the following additional information. 1. Closing inventory of tools 4,500 2. Depreciation is to be...
-
Clare Analetto, an antique dealer, has the following trial balance as at 31 December 2012. You also have the following notes to the accounts. 1. Closing inventory of antiques is 7,000. 2....
-
Michelle Angelo has trade receivables of 40,000 at the year end. However, she feels that 4,000 are irrecoverable. Required: Prepare the appropriate statement of financial position and income...
Study smarter with the SolutionInn App