Great story in a recent issue of CFO Magazine how XBRL is being used by both the US Securities and Exchange Commission and by other agencies such as the Financial Accounting Standards Board (FASB) to make better rules or determine the cost and burden of various regulations on the private...
Interesting alarming report from the US GAO issued in January 2016 to Members of Congress on the need in the capital markets and more specifically -- public companies – to disclose in their reports and to the US SEC material risks related climate change so investors and the public can make...
Yesterday the US Securities & Exchange Commission adopted resource extraction rules using the open, freely-available, XBRL data format supported by the IMA for more effective transparency and accountability . This rule is a major CSR/ESG/Sustainability Initiative for Public Company...
According to the most recent posting by Broc Romanek of CorporateCounsel.net the US SEC is actively moving forward on public company disclosure of sustainability/ corporate social responsibility reporting – also know as “non-financial” – “integrated reporting” -- including disclosing such topics...
Great article from the global law firm of Baker McKenzie about mandatory requirements from securities regulators for public company sustainability disclosure that also needs to be included in financial reporting as a company “best practice.” CFOs, financial reporting teams and management...
GREAT NEWS TODAY... The US Securities and Exchange Commission has voted today to move forward in mandating the use of Inline XBRL for US public company financial statement disclosure. See below story blogged on December 28, 2016 in which we discussed the possibility of the US SEC taking...
Interesting article in the UK’s Financial Director about yearend non-financial reporting required by UK companies as part of the EU mandate for 6,000 + public company requirement to report non-financial information to the capital markets and important stakeholders such as investors. The UK...
Great article on Blockchain technology, cloud shared public ledgers and how it can be used for state, local and federal government to provide new services to the public. Premise: Blockchain technology can be applied using distributed public record technology that can be directed to a wide...
Just came back from an accounting conference in London about the United Nation’s Sustainability Development Goals. Management accountants are going to hear more about this global effort and their involvement as this moves toward global adoption in the capital markets and by governments...
Great article in Sustainable Brands and the significance of non-financial reporting disclosure by companies and its direct relationship to investor behavior… According to a recent Ernst & Young survey : Investors are increasingly using non-financial performance to draw...