Industry news
ESG reporting - what is it and who does the obligation apply to?
ESG reporting (Environmental, Social, Governance) is becoming a foundation of modern business. The introduction of the CSRD (Corporate Sustainability Reporting Directive) means that more and more companies - both large corporations and small and medium-sized enterprises - must adapt to the new sustainability reporting requirements in line with the ESRS (European Sustainability Reporting Standards). What does this mean in practice? What benefits does implementing an ESG strategy bring to companies? And above all, who exactly does this obligation apply to? Read our article to find out how ESG reporting can affect your company's financial results, improve relations with stakeholders and stimulate innovation, creating solid foundations for sustainable development.
What is ESG and who does it apply to? Key information
In today's business world, ESG (Environmental, Social, Governance) is becoming an indispensable element of every company's strategy. ESG influences how a company is managed, minimising its negative impact on the natural environment and promoting responsible business practices. Implementing an ESG strategy brings benefits both to companies and to society, increasing investor trust and customer loyalty. In light of growing social and regulatory expectations, such as the CSRD directive, reporting ESG performance is becoming mandatory. Find out how ESG principles can contribute to your company's long-term success and sustainable development. Read on to learn more!
9 June – Accountants' Day
Did you know that 9 June is a special day for everyone in accounting? That's when we celebrate Accountants' Day, a holiday initiated in 1907 by the Accountants Association in Poland to honour the effort and dedication of accounting professionals. In this article you'll discover the fascinating history of this day, learn how accountants around the world celebrate their holiday, and see what challenges the profession faces in an era of dynamic changes in financial regulations.
Working as a tax advisor and the exam changes from 2024
From 2024, new exam requirements will apply in Poland for those wishing to work as tax advisors. These changes will affect not only the jobs of tax specialists, but also the scope of their duties and competences. Until now, the exam practice for candidates for tax advisors required passing three exams covering tax law, accounting and other matters related to tax advisory. However, from 2024, under the new regulations, these exams will be thoroughly revised and adapted to the current needs of the labour market. Today, tax specialists are tasked with providing comprehensive advisory services in the field of taxes and finance, which is extremely important for the functioning of all kinds of businesses and institutions. That is why the new exam requirements are intended to align tax advisors' qualifications with a dynamically changing economic and legal reality and to raise the standards of the work they do.
Accounting jobs: Challenges for accounting firms and accountants in 2024
The year 2024 brings new challenges to accounting work, including regulatory and technological changes. The key issue is the planned implementation of the National e-Invoicing System (KSeF), whose mandatory rollout has been postponed due to critical system errors that were discovered. This decision requires accountants and accounting firms to adapt flexibly to the new timeframe, while also underlining the importance of continuing preparations for the implementation of KSeF.