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...
More than 2/3 of the world’s capital markets are using the IMA supported XBRL global structured data format for both financial and nonfinancial disclosures. More than 100 regulators in more than 70 countries have mandated the use of XBRL for financial and business reporting which includes...
Watch out United States EDGAR Online – the European Union is building a “next generation” -- “EDGAR-LIKE” corporate disclosure platform to be used by 28 EU member states for global investors that will be built upon BLOCKCHAIN and global financial and non-financial data access standards like...
Yesterday at a summit of central bank governors in Amsterdam -- the governor of the Bank of England warned that climate change could have a "catastrophic impact" on the global financial system. Speaking at the summit -- Mark Carney reiterated previous warnings that the global financial system...
Great article written by the global law firm Weil Gotshal & Manges LLP on the need for public companies to be aware of the growing trend of non-financial reporting disclosures (commonly known as "Sustainability Reports", "Corporate, Social Responsibility (CSR)", "Environmental, Social,...
The European Parliament has voted in favor of new rules that will strengthen shareholder rights and facilitate cross-border voting under the Shareholders Rights Directive as the new Trump Presidential administration moves in the complete opposite direction related to enhanced corporate...
Great article in CFO Magazine by Russ Banham on the quickly expanding role CFOs and their finance teams are now assuming beyond the management of financial information critical to the operation of the enterprise they pilot. The Finance team is quickly becoming the “de facto”...
“The organization communicates with external parties regarding matters affecting the functioning of internal control.” (COSO Principle 15 – Communicates Externally COSO Framework ) is the last of the three principles relating to the Information & Communication component of internal control....
“The organization internally communicates information, including objectives and responsibilities for internal control, necessary to the functioning of internal control.” (COSO Principle 14 – Communicates Internally COSO Framework ) is the second of the three principles relating to the...
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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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