Essay to address the following issues In your research, you found significant co

Question

Essay to address the following issues

In your research, you found significant conflicting issues between global reporting standards. These affect every audit engagement that addresses books of original entry that utilize foreign GAAP that are translated into financial statements. Your

previous coursework has taught you that in order for stakeholders to accurately address financial performance metrics, they have to be based on standards that are consistent and that follow US GAAP rules. Comparative analyses can only take place in an environment of stable, static and consistent rules.Your final project will be to synthesize the issues/data previously researched into a single paper. Prepare a 3-5 page paper that demonstrates your understanding of the issues. Address the following questions in your final paper:

Explanation / Answer

The Global Reporting Initiative (GRI) is a private transnational body that has produced the leading standard for sustainability reporting, used by more than three-quarters of the Global Fortune 250 companies. Its guidelines include 79 indicators for corporations to report on their social, environmental, and economic performance

While GRI metrics have created a helpful framework for measuring and reporting the performance of companies across a number of relevant sustainability indicators, their effectiveness and legitimacy is hampered by several issues

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