In Other News
Inflation has always been and continues to be a significant issue for employee benefits plans. Annual inflation in this area has fluctuated significantly each year over the past 20 years but has generally averaged about 6% per year.
Sustainability has become a strategic imperative affecting businesses, not-for-profits, and soon, the accounting profession. The IFRS Foundation’s International Sustainability Standards Board (ISSB) is pushing mandated sustainability reporting, with support from the G7, G20, International Organization of Securities Commissions, and the Financial Stability Board.
Despite significant interest rate increases, British Columbia’s economy has managed to navigate some growing economic challenges over the past half year fairly well, with its robust labour market serving as a prime example.
As CPABC’s senior advisor, public interest, Jessica McKeachie leads the development of public interest policy. This includes overseeing anti-money laundering and anti-corruption initiatives. Here she shares some of the findings of the Cullen Commission and describes the implications for the accounting profession.