ACCA warning

THE Association of Chartered Certified Accountants has warned the Australian Securities and Investment Commission not to go its own way when adopting socially responsible investment guidelines. The comments where made in response to an ASIC discussion paper on whether or not it should develop disclosure guidelines. The ACCA believes ASIC should follow the guidelines set out at the end of the 2002 Global Reporting Initiative.

“The GRI is leading the debate in this area and the work it is doing on issues such as triple bottom line accounting is widely acknowledged as world-leading,” an ACCA statement said

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