Human trafficking and Operating segment: Difference between pages

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1. ''United Nations (UN) - Trafficking in Persons Protocol.''
''Financial reporting - international financial reporting standards - IFRS 8.''


Under the UN's Trafficking in Persons Protocol, human trafficking includes:
Under IFRS 8 (Operating segments) an operating segment is a component of a reporting entity:


*Recruitment, transportation, transfer, harbouring or receipt of persons
*That engages in business activities from which it may earn revenues and incur expenses;
*By the threat or use of force, coercion, abduction, fraud, deception, abuse of power or vulnerability, or giving payments or benefits to a person in control of the victim
*Whose operating results are reviewed regularly by the entity's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and  
*For the purpose of exploitation.
*For which discrete financial information is available.
 
 
2. ''UK law and social responsibility - Modern Slavery Act''.
 
The UK's Modern Slavery Act defines human trafficking as arranging or facilitating the travel of another person, with a view to that other person being exploited.
 
 
Exploitation includes sexual exploitation; the removal of organs; securing services by force, threats or deception; and securing services from children or other vulnerable persons.




== See also ==
== See also ==
* [[Business & Human Rights Resource Centre]]
* [[Entity]]
* [[Corporate social responsibility]]
* [[IFRS 8]]
* [[Ethics]]
* [[Reportable segment]]
* [[Fair trade]]
* [[Modern slavery]]
* [[Modern Slavery Act]]
* [[United Nations]]
* [[UN Guiding Principles on Business and Human Rights]]
 
 
==Other links==
[https://www.ohchr.org/Documents/Publications/GuidingPrinciplesBusinessHR_EN.pdf Guiding Principles on Business and Human Rights]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Revision as of 16:00, 26 June 2022

Financial reporting - international financial reporting standards - IFRS 8.

Under IFRS 8 (Operating segments) an operating segment is a component of a reporting entity:

  • That engages in business activities from which it may earn revenues and incur expenses;
  • Whose operating results are reviewed regularly by the entity's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance; and
  • For which discrete financial information is available.


See also

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