New publication for SMEs as still lagging in sustainability reporting – GRI

The Global Reporting Initiative (GRI) and the International Organisation of employers have released a publication to inspire SMEs to take on a bigger role in sustainable reporting as the sector still lags behind in sustainability reporting, the organisations said.

SMEs account for 90% of businesses particularly in developing countries, and make up 45% of total employment figures and 33% of national income (GDP) and thus can have a great impact on sustainability reporting, according to statistics from the World Bank.

Despite the big impact of SMEs only 10% accounted for the total number of sustainability reports in 2015. Ninety per cent of sustainability reports came from large businesses, according to the GRI sustainability Disclosure Database.

Full interview with Deputy CEO of GRI, Teresa Fogelberg available here.

ACCA modifies accounting qualification

The ACCA unveiled major changes to its master level qualification to meet the challenges of today’s disruptive economy, states the accounting professional body.

The changes made to the qualification is based on an extensive two year review and consultation with employers, member and learning providers, and will place a particular focus on employability and practical application of core skills.

New professional level exams will replace the existing professional level exams in September 2018.

The new program will include a new Ethics and Professional Skills module to be introduced in October 2017.

The Institute of Indonesia Chartered Accountants (IAI) joins Chartered Accountants Worldwide

The Institute of Indonesia Chartered Accountants (IAI) has joined Chartered Accountants Worldwide.  IAI is the fifth professional body to be admitted to the organisation.

Established in 1957 IAI is hadquartered in Jakarta and has offices in 33 provinces of Indonesia, and 35,000 members.

The new membership will give its members access to events and network opportunities.