NEW YORK, (Dec. 21, 2011) - The American Institute of CPAs was among the international accounting bodies represented at the Accounting for Sustainability Forum in London earlier this month.
His Royal Highness The Prince of Wales addressed the Forum with remarks on the economic invisibility of nature. His speech asked attendees to consider how the value of natural resources can be taken into account in economic, accounting, and decision-making systems.
“The Accounting for Sustainability Forum is an opportunity for major international accounting bodies to work with organizations in the public and private sector to shape the direction of an important global initiative,” said Sue Coffey, AICPA senior vice president, public practice & global alliances, who represented the AICPA at the Forum. “CPAs are working with businesses to link financial performance to sustainability strategies and reporting these results in a transparent manner.”
During the Forum, participants assembled in roundtables to discuss the development of Integrated Reporting, the work of the International Integrated Reporting Committee, and how business, investors and governments can better integrate natural capital into accounting and decision-making.
The Accounting for Sustainability Forum brings together international accounting bodies to collaborate with each other and a range of organizations from the private and public sectors with the intention of achieving a common approach to accounting for sustainability.
Resources and information from the Forum are available online.