Sustainability reporting is a relatively new concept that has rapidly evolved due to increased expectations for public disclosure about the role of business in society. Indeed, there is a growing need for greater transparency, sustainability and responsibility in business coming from different stakeholders – be they investors, customers, employees, civil society or other business partners.
Organizations, be they public or private, apply a variety of measures in their operations to ensure that their objectives are met, that financial reporting is of required quality, and that rules and legislation are followed. Such measures include: expenditure controls to ensure compliance with the budge
As Manager for Investment Policy and Program for Results Financing in the World Bank’s Operations Policy and Country Services (OPCS) department, Fadia has spearheaded some of the World Bank’s most significant modernization and reform efforts.
The International Organisation of Supreme Audit Institutions (INTOSAI) has developed a new tool to enable supreme audit institutions (SAIs) to better measure, manage, monitor, and report on their performance—the SAI Performance Measurement Framework (SAI PMF).
The Reports on the Observance of Standards and Codes (ROSC) Initiative is a joint World Bank/IMF program developed in the wake of the financial crises of the late 1990s to strengthen the international financial architecture. The initiative includes 12 modules that focus on standards and codes areas..
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