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Resources to combat fraud

identify this crime. task force, and useful articles Standards’ Committee has
Accountants can be and other guidance on CIMA’s been considering how the
instrumental in protecting fraud and financial crime hub. Institute can help its
their clients from being Whilst the Charter is members identify fraud and if
vulnerable to fraud, primarily aimed at practising there are tools or guidance
however. accountants and UK that can be provided for
The UK government Home businesses, many of its management accountants. If
Office has published an outcomes will be of interest to you have had any experiences
Accountancy Sector Fraud members globally working in with fraud that you would be
Charter designed to educate business. When finalised, a willing to share or ideas about
businesses about fraud and toolkit for use by professional how CIMA can help its
usiness losses from detailing how to identify and body members and their members in the fight against
Bfraud increase year on disrupt it. You can read the clients will be hosted on fraud, please contact
year as criminals seek to be Charter, the Home Office’s CIMA’s fraud and financial Samantha McDonough at
ahead of law enforcement press release about the joint crime hub. Samantha.McDonough@
and the professionals who government-industry fraud CIMA’s Professional aicpa-cima.com.

AICPA & CIMA

introductory reports
on ESG

ICPA & CIMA have now published
Athree introductions to ESG issues
— on environmental protection,
social inclusion, and governance.
When read together, they can help
finance professionals navigate the
complex sustainability landscape.
They show the interconnectedness of management, board quality, stated when looking across the three ESG
sustainability factors. An action under purpose, and innovation and IP. These pillars.
the governance pillar can have both topics — and more — the report says are Together, the three reports ask
positive and negative implications for likely to have mature processes already organisations to reassess their focus across
the environmental protection and social in place around their metrics and the ESG pillars and move towards a
inclusion pillars. The ESG factors set out targets, and their external reporting. “systems value perspective” where
in the table should not be viewed in These are also the areas that have the “governance” is aligned with “social”, and
isolation from each other. most mature regulatory requirements both are dependent on “environmental”. ■
The third report in the series,
Sustainability and Business — Governance Environmental protection Social inclusion Governance
Introduction: Putting the G in ESG,
examines the issues directly associated Climate change Brand and reputation Stated purpose
with a business’s governance, including Greenhouse gas emissions Gender equality Board quality
how it is led and managed.
The report highlights the six UN Net-zero targets Diversity and inclusion Innovation and intellectual
Sustainable Development Goals (SDGs) property (IP)
that are especially relevant in the Energy Health and safety Infrastructure
governance context. They include SDG 9 Water Skills and training ERM
— Industry, Innovation, and
Infrastructure; SDG 11 — Sustainable Waste Supply chains Anti-corruption
Cities and Communities; and SDG 16 — Recycling Modern slavery Remuneration
Peace, Justice, and Strong Institutions. Keystone species Key stakeholders Material issues
For finance professionals, the range TOP: PHOTO BY GREMLIN/ISTOCK
of topics coming under the governance Biodiversity Decent work and jobs Net investment and
umbrella includes enterprise risk contribution

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