- 10 Marks
FR – L2 – Q7 – Sustainability
Identify and explain three balances in the statement of financial position affected by sustainability issues.
Question
Sustainability issues are becoming increasingly important in corporate reporting. They may also affect amounts reported in the financial statements.
Required:
(a) Identify and explain THREE examples of balances in the statement of financial position that may be affected by sustainability issues.
(b) Explain the work of the International Sustainability Standards Board to address investors’ information needs with regards to sustainability issues.
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