Accounting for Sustainability Wales (A4SW)

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stevef
stevef Registered Posts: 258 Dedicated contributor 🦉
Calling all Accountants in Wales.

The technicalties of accounting for sustainability and embedding this into financial statements its the latest challenging development in accounting. To enable the isues to be discussed, and perhaps challenged, the A4SW Forum was launched in September by HRH The Prince of Wales. The Forum is a collaberation of Wales' major accounting bodies and other partners tasked with raising awareness of issues of sustainability and promoting the important role of the accounting profession in helping to develop sustainable organisations across the country. The Forum comprises ACCA, ICAEW, CIPFA, CIMA, AAT, Welsh Assembly Government, Sustainable Development Commission in Wales and The Prince's Accounting for Sustainability Project. The Forum has launced a web page currently hosted by the Prince's A4S site. I am proud to say that my organisation, Mid and West Wales Fire and Rescue Service, has been selected as a case study showing how we try to develop embedded sustainability reporting.

One of A4SW aims is to host seminars on sustainability issues. The first of these seminars is being held on 3 December at the National Assembly for Wales, Pierhead Building, Cardiff Bay CF99 1NA, from 1200hrs to 1600 hrs, at a cost of £20, lunch is included. The topic is "The CRC Energy Efficiency Scheme & the Role of Accountancy". This is a mandatory scheme affecting larger public and private sector organisations. This year marks the first reporting year for the first wave of organisations, there will be further waves in the future which will impact on more and more organisations. Originaly the CRC scheme was a cash flow issue, having a nil impact on the accounts if you were energy efficient (really efficient organisations could even end up in surplus), but as a result of the comprehensive spending review the scheme has become a tax which can be limited by being energy efficient. The seminar draws together a number of key contributors and will be a valuable networking opportunity. Please come along.

If you want to book onto the seminar please contact your professional body. For AAT members contact tiffany.jackson@aat.org.uk
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