Question

Question 1 - 1,500 words

The CEO has forwarded to you an interesting article and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the lively discourse at an upcoming conference.

You are required to find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after the 1st of June 2018. Your article could also come from one of the professional journals. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. Your article should also relate to a different issue to what you will be investigating in Question 2 (in other words, don't use an article about the exposure draft you will be using in question 2). If you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator.

You then need to explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. Support your analysis of the assumptions and implications of the topic or theory as appropriate with reference to sources in APA 6 style. For example, this article from the Sydney Morning Herald in April 2016 could be linked to the topics of accounting regulation and measurement (and perhaps others). You must provide a copy of the article or web page, with details of the source, date and page number with your answer.

Answer 1

This articles is regarding an interview with GRI CEO Tim Mohin, the interview had been taken to discuss the GRIs Sustainabilty Reporting Standard and discover why business owners giving an worth importance in the value of external and internal non finances instances . This articles is a content of CPA Journal's July 2018 issues.

Accounting is all about the numbers. But some items that are easily tallied up; in a finacial statement are nonetheless essential to the day-to-day function of a business. Increasingly the world wants answer to questions surrounding sustainability and environment, social and governance issues. More and more people want to know whether their services/products are coming from, under what conditions, who is providing them, and what impact they are having on the world. Corporations are recognizing that, answering these question is not only important, but also essential to their long-term prospects.

Sustainability and ESG reporting have begun to fill this need, but an overabundance of standards - and a lack of uniformity- make shifting through the reported information a difficult task. While CPAs can provide attestation services for this information- and some do- the profession as a whole has yet to adopt sustainability-related services in its portfolio. This may in parts be because CPAs, like the companies and individuals they serve, find the volume and variety of sustainability information overwhelming.

Recently the CPA journal inteviewed GRI (Global Reporting Initiative) CEO Tim Mohin to discuss the GRI sustainability reporting standards and discover why business owners, investors and others stakeholders and corporations are increasingly finding the worth importance in of taking a closer look at the value of internal and external nonfinancial factors of their supply chains, resources, and employees.

"By setting a consistent,global framework for what companies should be looking for in the issues of intellectual property, corruption, ethics and any others of our standards, it helps companies know what question to ask, what policies to have, what procedures, what management systems to actually manage this issues well ", Mohin said during interview.

In an effort to businesses and corporations with understading their impact on critical suastainability issues such as climate change, human rights, governance, and social well being. The Global Reporting Initiative (GRI) was established to help businesses and governments worldwide understand and communicate their individual practices and procedures.

In October 2016, GRI launched the GRI standards, which replace the earlier G4 standards and built upon the GRI's pioneering work in standards for sustainability reporting. These standards were set by the Global Sustainability Standard Board (GSSB), which was separated from the GRI's Secretariate in 2014. The GRI standards enable all organizations to report publicly on their economic, environmental and social impacts- and show how they contribute towards sustainable development.

GRI's roots are long and comprise many organizations - U.S. nonprofits, the Coalition for Environmentally Responsible Economies (CEREs), and the Tellus Institute, as well as the United Nations Environment Programme (UNEP)- dating back to the 1970s. GRI helps businesses and governments worldwide understand and communicate their impact on critical sustainability issues such as climate change, human rights, governance and social-well being. The GRI standards are developed with multi-stakeholder contributions and rooted in the public interest.

The Sustainabilty Accounting Standard Board ((SASB) was established in 2011and is an independent, private sector standards setting organization based in San Fransisco, Calif., dedicated to enhancing the efficiency of the capital markets by fostering high-quality disclousure of material sustainability information that meets investor needs.

To see the journal interview with GRI CEO Tim Mohin in its entirety , please visit http://www.cpaj.com/