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Kwabena Situ

A Partner at Deloitte Ghana, Dr. Kwabena Situ, is encouraging organisations that are lacking the capacity to adopt, implement and undertake readiness assessment for the new International Financial Reporting Standards (IFRS) S1 and S2 to seek external assistance to ensure thorough and compliant assessments.

He is also urging organisations yet to complete their readiness assessment to seek assistance and guidance from the Institute for Chartered Accountants, Ghana, adding, companies should begin their readiness assessments without delay and submit their reports to ICAG by the August 30, 2024, deadline for early or voluntary adoption.

He was speaking as a panelist at a webinar organised by ICAG on the theme “On Sustainability and Climate-Related Disclosure Standards (IFRS SI & IFRS S2)”.

“In the month of August [2024], you need to carry out this readiness assessment because it is kick starting the whole process for you, re-evaluate your business processes to align with the ESG goals. A readiness assessment will help you to align."

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