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Archives: Insights

Use Business Intelligence to Make Better Decisions

Contributed by: James Moore.

Collecting and analyzing information about your manufacturing business’s production and practices can help you make strategic decisions swiftly. With data analytics, you can diagnose what’s happening on the floor in real time and predict future scenarios more accurately.

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Audit of Sustainability Reports

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

Sustainability reports must be audited in the future. The audit result must contain statements regarding the following:

  • Compliance with the CSRD and the ESRS (including the process for identifying reportable information).
  • Compliance with Article 8 of the EU Taxonomy Regulation.
  • Compliance with the ESEF Regulation with regard to disclosure in the ESEF format.

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Central & South America Main Taxes 2023

Each year, the AGN Central & South America Tax Committee provides a collection of information relevant to international trade. This document contains a summary and general information about the main taxes of countries in the AGN Central & South America Region.

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Unleashing the Power of ChatGPT

AGN Global Business Voice: International Business Issues

There is a widespread acknowledgement of the value that ChatGPT brings to customer service, enabling quick responses to common queries and streamlining communication with clients. But it also has to be recognised that the tool is imperfect.

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Tax Consequences of Working in Ireland

AGN EMEA Tax Committee News

Over the last few years, there has been a significant influx of people coming to live and work in Ireland either on a secondment from a foreign employer on a temporary basis to work on a specific project in Ireland. Many individuals are Irish ex-pats returning to live in Ireland while they continue to work for their non-Irish employers.

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Press Release: U.S. Firm Joins AGN Membership

AGN International is pleased to welcome Hancock Dana to its AGN North America (NA) membership.

AGN International is one of the world’s leading associations of independent certified public accounting and consulting firms and sets rigorous criteria for admission to the association.

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European Sustainability Reporting Standards (ESRS) – Important Terminology

News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

In this article, Carsten Ernst – AGN’s expert in financial (IFRS) and sustainability (ESRS and GRI) reporting, explains some important terminology in the European Sustainability Reporting Standards (ESRS), which are prepared by the European Financial Reporting Advisory Group (EFRAG).

The EFRAG must follow the guidelines of the CSRS. The European Commission adopts the ESRS and reviews them at least every three years.

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A Forensic Accountant’s Review of the FY 2022 Financial Report of the United States Government

Contributed by: Floyd Advisory.

The FY 2022 Financial Report of the United States Government (the “U.S. Financial Report” or “Financial Report”) is prepared by the United States Department of the Treasury (“Department of Treasury” or “Treasury”) and is audited by the United States Government Accountability Office (“GAO”).

From a financial reporting perspective, the Department of Treasury serves in a role similar to the management of a business enterprise that bears responsibility for its company’s financial statement assertions, whereas the GAO serves in a role similar to an independent certified public accounting firm that performs audit services and renders an opinion on such financial statements.

Floyd Advisory’s report provides useful insights into the information contained in the U.S. Financial Report and highlights their observations on the quality and completeness of the reporting by the Department of Treasury based on the expectations, standards, and financial reporting requirements of a U.S. publicly traded company.

Floyd Advisory also discusses certain matters that they believe warrant special attention for users of the Financial Report, notably the citizens of the United States, as they relate to the financial condition of the U.S. Government.

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