ASEAN Federation of Accountants

To provide an organisation for ASEAN Accountants for the further advancement of the status of the profession in the region with the view to establishing an ASEAN philosophy on the accounting profession.

AFA Discusses the Future of Comprehensive Corporate Reporting

Building ASEAN’s awareness towards communication of long-term value creation

AFA together with the Malaysian Institute of Certified Public Accountants (MICPA) and the Value Reporting Foundation (VRF) successfully organised a regional webinar to discuss the importance of communicating long-term value creation. Attended by more than 250 participants from around the region, the webinar also looked at key recent changes such as the merger of the International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) and its impact to discussions on sustainability standards and IFACs support to the next steps and strategic direction of the IFRS Foundations work on sustainability, as well as looking at the different views (including from investor) on the complementary benefits to investors of integrated reports that are strengthened through SASB Standards.

Moderated by Ong Chee Wai (Council Member, MICPA), the panel consisted of Jonathan Labrey (Chief Policy Officer and Head of UK Office, VRF), David Madon (Director of Public Policy & Regulation, IFAC), and Pru Bennet (Partner, Brunswick Group) discussed the VRFs next plan, the role of accountants in reporting long-term value creation, and some of the expected practical implementation challenges such as unification of the different standards, reporting value creation during crisis, management of negative messages, and assurance for non-financial information.

AFA would like to thank the Malaysian Institute of Certified Public Accountants (MICPA) and the Value Reporting Foundation (VRF) for the opportunity to collaborate on the webinar.

Watch a recording of the webinar:

Download the full Release: AFA_Release_AFA Talks About Communication of Long-Term Value Creation

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Category: International Accountancy | Post on 30 Juni 2021

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