CFAP 3 Sustainability Reporting & Assurance | Complete Workshop Session | Sir Muhammad Ibrahim

This workshop session, led by an expert from IQ School of Finance, provides an comprehensive introduction to IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) for CFAP 3 students. The session focuses on how to identify, disclose, and audit sustainability-related risks and opportunities. Key Concepts Covered: IFRS S1 Framework (2:11 - 3:02): The standard requires companies to identify and disclose sustainability-related risks and opportunities that impact the company's cash flows, access to finance, and cost of capital. Four Disclosure Pillars (6:51 - 7:32): Companies must report on Governance, Strategy, Risk Management, and Metrics & Targets. These must be interconnected to provide a cohesive view of the business. Governance & Compliance (9:26 - 18:03): The instructor links IFRS S1 requirements to the Code of Corporate Governance (C2C), explaining the roles of the Board and the necessity of a dedicated sustainability committee, diversity, and regular reporting. Strategic Integration (31:56 - 40:20): A crucial part of the session is the drafting technique for sustainability risks. The instructor explains that risks must be linked to the business model and value chain (e.g., supplier labor issues, climate events) and evaluated based on their financial impact. Non-Climate vs. Climate Risks (42:20 - 45:00): The presenter shares an approach to categorize risks—such as workforce health and safety, bribery/corruption, and data security—into actionable categories, helping students cover the syllabus efficiently. Practical Application: Audit Procedures: Throughout the session, the instructor demonstrates how to translate sustainability requirements into audit procedures (e.g., inspecting Codes of Conduct, due diligence reports, or minutes of meetings) to test disclosures (50:43 - 52:00). Exam Strategy: The workshop emphasizes connecting sustainability reporting standards with existing International Standards on Auditing (ISA), such as ISA 540 regarding estimates (1:11:12), to ensure students can handle complex exam scenarios effectively. The session acts as a foundational guide for the rest of the workshop, preparing students to handle both theoretical and practical questions in their exams by creating a systematic 'cycle' of reporting and auditing. Join WhatsApp Group for updates: https://chat.whatsapp.com/FjStZwCp4Z5... #CFAP3 #Sustainability #SustainabilityReporting #CAStudents #ICAP #CFAP #IQSF #SirMuhammadIbrahim #WorkshopSession #StudyWithMe #ExamPreparation #PakistanCA #AccountingStudents #FinanceStudents #CorporateReporting