The United Nations Conference on Trade and Development (UNCTAD) introduced the winners of the 6th version of the International Standards for Accounting and Reporting (ISAR) honors right through the eighth World Investment Forum on 17 October.
ICAI Sustainability Initiatives gained the absolute best rating out of 70 projects gained from around the globe. (handout)
According to a press unlock from ICAI, its sustainability initiative gained the absolute best rating amongst 70 projects gained from internationally. ICAI additionally gained the UNCTAD ISAR Chair for the fortieth consultation, the second one consecutive consultation and CA (Dr.) Sanjeev Kumar Singhal, Central Council Member, ICAI chaired the ISAR consultation right through the World Investment Forum to be held in Abu Dhabi from 16-20 October. Presided over. ,
According to the accounting frame, the ISAR Honors acknowledges coverage, institutional and capability development projects to inspire and lend a hand enterprises to submit information on their contribution to the implementation of the 2030 Agenda for Sustainable Development and to facilitate just right practices on this house. provides.
“We are honored by this recognition, such appreciation will motivate us to work harder to promote and adopt the best sustainable practices in the country. Adoption of sustainability practices in business is the need of the hour and ICAI has been at the forefront of leading this movement by establishing the Sustainability Reporting Standards Board in 2020, to create standards that are benchmarks for international practices as well as Be in line with the Indian economy. and to enhance the quality of sustainability reporting framework in India,” mentioned CA. Aniket Sunil Talati, President, ICAI.
According to the clicking unlock, ICAI has been lively in imposing sustainability pointers with the SDG time table at its core. In 2022, ICAI created a Section 8 corporate – ‘The Institute of Social Auditors of India (ISAI)’ and in addition issued 16 audit requirements on social audit in 16 thematic focal point spaces, making India the primary nation on this planet to habits social affect exams. turned into. Standard. ICAI could also be attractive with key stakeholders and inspiring organizations to undertake a accountable, development-oriented framework for sustainability reporting.
“We are thrilled to receive this ISAR honor. This is a historic moment for ICAI and the entire country. Awards like this will support our ambition to build a more sustainable economy for the future. ICAI is working closely with regulators and institutions and is actively taking all necessary steps to develop and strengthen the sustainability reporting framework in India,” mentioned CA Ranjit Kumar Agarwal, Vice President, ICAI.
Towards capability development and growing consciousness, ICAI is carrying out a certificates path on Business Responsibility and Sustainability Reporting and a complete coaching path on Social Audit for NISM Series XXIII: Social Auditor Certification Examination, the accounting frame knowledgeable.
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