Financial Planning

Climate change could cost the global economy $178 trillion over the next 50 years, a 7.6% cut to global GDP in 2070 alone, according to estimates from the Big Four firm.

Finance ministers and central bank governors are asking the new board to go beyond climate change disclosures to set standards in other areas related to nature and social issues.

The board described some broad steps Wednesday to achieve the baseline by the end of the year.

The International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities.

Organizations need to be ready to face these five challenges to environment, social and governance disclosures.

ADP releases updates to Accountant Connect; Clarius R+D releases new version of tax platform; and other news and updates from the accounting technology world.

The board asked for input on a proposal for a sustainability reporting framework, echoing recent moves in the private sector.

The federal government’s deficit has shrunk by some $1.57 trillion, driven by record receipts from a strong economy and a slowdown in spending.

What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.

Think you’ve locked in your high exemption from gift and estate taxes? The agency suggests a rethink.