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TechTalk Blog - US GAO Report to Congress: US SEC Not Monitoring Public Company Disclosures Related to Material Risks Associated With Climate Change

For example, risks related to the disrupting of supply chain of public companies that provides critical food, medicine, energy, and products that support the US economy can be of significant financial value to both investors and the public. The GAO report to Congress is entitled “SUPPLY CHAIN RISKS - SEC’s Plans to Determine If Additional Action Is Needed on Climate- Related Disclosure Have Evolved”… As the GAO report details to Congress in January: “For example, in October 2012, Superstorm Sandy caused widespread damage to logistics and transportation networks throughout the Northeast, leading to major fuel shortages and causing an estimated $70 billion in direct damages and lost economic output

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TechTalk Blog - Need for Digital Assurance Services Grow As Structured Data (XBRL) Gains Momentum by Both Capital Markets & Governments For Better Decision Making

Digital assurance benefits business through the use of information risk management, trust management, resilience, appropriate architecture, system safety, and security, which increases the utility of information to authorized users and reduces the utility of data to those in the disclosure supply chain to drive better decisions

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TechTalk Blog: Internet of Things and Accounting of Things

Companies use the information to better manage their production and distribution networks, predict when items will need service or repair (using advance analytics techniques), bring greater efficiency to the supply chain, and much more

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TechTalk Blog: Corporate Governance Breach Could Lead to Losses Topping $20 Billion This Year

Very interesting CFO Magazine article on the growing crisis of corporate governance, risk breaches and the need for additional technologies to assist companies with the major financial liability issue… "Despite such headlines, “corporate mistakes keep getting worse,” Forrester writes. “In...

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TechTalk Blog -- Why the Capital Markets Needs Integrated Reporting -- Non-Financial Reporting

Interesting article … Largest democratic country in the world (India) is pushing the largest capital markets country in the world (USA) to have public companies disclose not only financial information but non-financial information to better serve both investors and the public. Including...

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Stay tuned as we learn more about how management accountants are helping organizations prepare and implement non-financial reporting and auditing supply chain management related to human trafficking and child labor