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The International Federation of Accountants (IFAC) has unveiled proposed changes to its International Education Standards (IES) to embed sustainability analysis, reporting and assurance within professional accountants’ training. Key proposals include working with experts and in multi-disciplinary teams; introducing key sustainability reporting concepts, such as systems thinking, value chains and scenario analysis; and referencing relevant sustainability reporting and assurance standards.…

A new Australian research hub has embarked on a mission to address the environmental challenges posed by the textile industry with funding from the Australian Research Council (ARC). The sector is one of the world’s largest polluters: textile finishing and dyeing processes alone account for a staggering one-fifth of industrial water pollution worldwide and contribute 3% of global carbon emissions, according to a European Parliament report.…

The supply chain problems by Covid-19 and worsened by Russia’s invasion of Ukraine and the ongoing conflict in Gaza have made clothing and textile companies look hard at near-sourcing and reshoring production. Luckily for them, recent major innovations in digitisation and artificial intelligence have made such plans more practical.…

While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.

With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.…

Food innovation centres (FICs) have become a feature of the global food production landscape over the past few decades and now play a significant role in the research and development of edible products.

The first purpose built FICs started to appear in the final quarter of the 20th century, with the University of Nebraska-Lincoln in the US’s Midwest Corn Belt, an early mover in this field, opening its Food Processing Center in 1983 (1).…

Anti-fraud is all about catching and preventing swindles, but victims are increasingly banding together to launch class action lawsuits to secure compensation for past misdeeds.

The 2024 edition of the Duane Morris Class Action Review, from Philadelphia, USA-based law firm Duane Morris declares that 2023 was the second most prolific year for class action lawsuits in the world’s class action centre, America, (next to 2022), and anti-fraud class actions were particularly valuable for plaintiffs last year.…

The only university of the self-declared Sahrawi Arab Democratic Republic, or Western Sahara, continues to teach and graduate students, despite the military stalemate that has persisted before and since its founding in 2012, which has left Morocco controlling 80% of the territory.…

The future of the battery electric vehicle (BEV) US rental market remains highly uncertain amid falling BEV resale values and persisting maintenance challenges.  

While the American car rental industry has collectively purchased over 100,000 BEV and other zero-emission vehicles (not including hybrids) to date, consumer demand for such cars is still evolving, according to the American Car Rental Association (ACRA). …

The Financial Crimes Enforcement Network (FinCEN), the USA’s FIU, has made progress on some key long-awaited reforms, including building its beneficial ownership reporting regime, and cracking down on crypto-currency mixers, even though some major AML/CFT holes persist – such as lawyer CDD/SAR filing.…

We asked the experts

Even senior experts in AML/CFT need to keep reading and watching to keep abreast of the ever-evolving global trends in the field – after all, curiosity and wide learning is how they gained their prominence in the first place.…