Social and environmental issues
Problem: As more companies responds to calls to report on social and environmental issues an accounting standard covering this is urgently required. Critically discuss this statement, concluding with whether or not you agree with it.
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Why are accounting standards for sustainability reporting (social and environmental reporting) urgently required? In your comments address the following:
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As more companies responds to calls to report on social and environmental issues an accounting standard covering this is urgently required.
Question: FASB and IASB have been working on a Convergence Project for over ten years.
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