Both auditors and users of financial statements, including credit portfolio managers, will need to place greater emphasis on understanding how assets and liabilities are measured and how reliable these valuations are when making decisions based on them. “Compound” values and revenue recognition The value of a financial instrument may, in some cases, be coupled with an intangible value.
It is against this dire backdrop in Africa and the world that the 26th UN Climate Change Conference of the Parties (COP26) is convening in Glasgow, Scotland. It brings together governments, businesses, civil society and citizens with the expectation of commitments to ambitious actions that are needed to counter climate change.