Released 18 November 2021
The International Federation of Accountants (IFAC) has published a report, ‘Sustainability Information for Small Businesses: The Opportunity for Practitioners,’ that explores the diverse benefits of embracing sustainability information for small businesses and their advisers.
The report examines the importance of readily available, relevant, and reliable sustainability information for achieving better-informed decisions, enhanced strategic and risk management, and more thorough and valuable reporting to external stakeholders.
It also highlights a range of emerging services that practitioners can provide to their clients, including advisory services, reporting, agreed-upon procedures (AUP) engagements, and assurance services.
The report states that although focusing on sustainability information and related services may seem premature for some small businesses and practitioners, the field is growing quickly.
Further details can be found here.