In September 2017 -- The IMA in partnership with COSO issued the following white paper on “Leveraging the COSO Internal Control—Integrated Framework to Improve Confidence in Sustainability Performance Data.” The Framework discussed in the paper focuses on internal controls organizations can establish as the first step toward digital assurance that can be applied to disclosed data. Internal controls have value beyond compliance and external financial reporting. Effective internal controls can help organizations grow on a sustained basis, with confidence and integrity in all types of data disclosed to external audiences
Interesting debate yesterday before the US Senate Banking Committee on the topic of expanding disclosures of US companies to include environmental, social and governance data besides just financial disclosures. The US House Committee on Financial Services held a hearing on the same topic last...
According to CERES - while almost half of the 600 largest U.S. public companies communicate with investors about environmental, social and governance issues, they could be doing a much better job of it. One “constant refrain” heard from investors is that “if a company is not talking about its...
IASB IBM IFAC IIA IIRC IMA information technology integrated reporting Internal Control Internet of Things IOSCO IoT IT audit iXBRL KPMG LEI Liv Watson machine readable management accountant Material Risks Maxine Waters metrics Mick Mulvaney Mobile Computing MSNBC NACD NASDAQ New York Times News non financial Non Financial...
Former FASB Chairman Robert Herz, IMA (Institute of Management Accountants) President and CEO Jeff Thomson, and sustainability reporting expert Brad Monterio of Colcomgroup, today released a jointly authored thought paper, " Leveraging the COSO Internal Control – Integrated Framework (ICIF) to Improve Confidence in Sustainability Performance Data ." These controls will be necessary as companies move forward with sustainability reporting and XBRL can be used on data that is disclosed to the capital markets to enhance data analytics and integrated reporting with the corporate financial data disclosed.
President Trump on January 14, 2019 signed into law the Foundations for Evidence-Based Policymaking (FEBP) Act ( H.R. 4174 , S. 2046 ), which includes the Open, Public, Electronic, and Necessary (OPEN) Government Data Act (Title II). Strategic Finance Magazine published the following article...