ICAEW Chief Executive and Chair of Chartered Accountants Worldwide, Michael Izza, discusses non-financial reporting, public sector finances, and the big tech trends of 2022.
At the end of 2021, we saw some significant developments towards a coherent framework for non-financial reporting standards. The formation of the International Sustainability Standards Board by IFRS in November was a huge step forward.
But if we’re going to make progress in tackling climate change issues, we will have to deal with the rising levels of public debt. Fiscal resilience will be under the spotlight as much as sustainability issues.
Emerging technologies are also transforming the way we live and work, from the need for new data skills to the digitalisation of tax.
The implications of all of this are discussed in part two of our special Insights In Focus podcast.