CIGI Papers No. 262 — February 2022 - Accounting for the Digital Economy

The accounting profession has the worked to define internal control and assurance knowledge, frameworks and processes to create standards for data governance, and to develop accounting and assurance standards for the a new measurement and reporting model for information age. [...] Rob McLean of Matrix has to record their climate-change obligations, worked with CPA Canada for the past 25 years to describe the actions they are taking to develop and refine the “value streams” approach mitigate environmental and societal risks, to measuring value creation from different and track the impact of the initiatives they stakeholder perspectives. [...] The task force proposed by the author would need this time to get to grips with methods and standards 14 According to Drucker (1994), there are four specific requirements for the theory of the business: First, the assumptions about the environment, purpose and core competencies must fit reality. [...] (b) it is probable that an outflow of resources embodying economic 31 Estimating the value in use of an benefits will be required to asset involves the following steps: settle the obligation; and (a) estimating the future cash inflows (c) a reliable estimate can be made and outflows to be derived from of the amount of the obligation. [...] Among other things, the entity can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset.