BusinessPostCorner.com
No Result
View All Result
Saturday, June 28, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

AICPA & CIMA update principles for AI and ESG

June 29, 2023
in Accounting
Reading Time: 3 mins read
A A
0
AICPA & CIMA update principles for AI and ESG
ShareShareShareShareShare

The Association of International Certified Professional Accountants released an updated set of global guidelines for management accountants to address new topical areas including AI, automation and ESG.

The Association, which includes the American Institute of CPAs and the U.K.’s Chartered Institute of Management Accountants, released a new edition Wednesday of their Global Management Accounting Principles, a guide to help management accountants work with business decision makers to create and preserve value creation within their organization’s business model.

The AICPA & CIMA updated the GMAP to adapt them to the changing role of the finance department, which is applying its analytical and managerial skills to areas such as artificial intelligence, automation and environmental, social and governance practices. The principles now include a greater focus on non-financial aspects of management accounting like sustainability data.

“We continue to witness a significant acceleration in the complexity of business decision making in the post-pandemic world,” said Ash Noah, vice president and managing director of learning education and development at the AICPA & CIMA, in a press release. “This means organizations require increasing levels of guidance to create value in the short, medium and long term. The new Global Management Accounting Principles define best practice and provide a framework to steer organizations to sustainable success. Applying the principles to the practice areas of management accounting will guide businesses towards making good strategic, management and operational decisions.

“They address areas such artificial intelligence and environmental impact, as well as traditional finance disciplines,” he added. “The principles will enable management accountants to gain recognition within their organization and position management accounting as a function that is actively involved in co-creating value.”

The GMAP includes an updated version of the AICPA & CIMA Strategic Scorecard, which was developed to give greater consideration to the performance and strategy dimension of enterprise governance.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Change Is In The Air For Countries’ Transfer Pricing Tax Laws

Next Post

Navigating Performance Management | HR Executive

Next Post
Navigating Performance Management | HR Executive

Navigating Performance Management | HR Executive

Crypto Funds Log .24B in 10th Week of Inflows, But Momentum Slips on Geopolitical Tensions

Crypto Funds Log $1.24B in 10th Week of Inflows, But Momentum Slips on Geopolitical Tensions

June 23, 2025
Trump ends trade talks with Canada, threatens to set tariff

Trump ends trade talks with Canada, threatens to set tariff

June 27, 2025
[LIVE] XRP Price Prediction: John Deaton Says $100B Ripple Valuation Is Possible – Here’s What That Means for XRP

[LIVE] XRP Price Prediction: John Deaton Says $100B Ripple Valuation Is Possible – Here’s What That Means for XRP

June 25, 2025
Digits says its new AI agents can automate 95% of bookkeeping tasks

Digits says its new AI agents can automate 95% of bookkeeping tasks

June 25, 2025
ACFE hosts fraud fighters | Accounting Today

ACFE hosts fraud fighters | Accounting Today

June 24, 2025
FedEx founder and former CEO Fred Smith dies aged 80

FedEx founder and former CEO Fred Smith dies aged 80

June 22, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Chief Justice Roberts warns against elected officials’ heated political words about judges

Chief Justice Roberts warns against elected officials’ heated political words about judges

June 28, 2025
This overlooked risk to financial markets is ‘shouting, not whispering’

This overlooked risk to financial markets is ‘shouting, not whispering’

June 28, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!