Structured data and the services rendered could be some of those areas -- especially as the need for data tagging of documents contained with blockchain will increase in the marketplace
Great tech news article in Federal Computer Week on June 17, 2016 about the United States Internal Revenue Service (IRS) moving forward with an XML data format for machine-reading of tax forms starting with the non-profit sector for better transparency and data analytics
Among the initiatives are: A proposal for an EU Regulation on investment-based and lending-based crowdfunding service providers (ECSP) for business
Questions are being prompted based on non-financial disclosure requirements coming from the EU (ESMA) and other regulators regarding additional assurance services that could be provided to support this non-financial disclosure
The US Comptroller General spoke in March before the US Senate Budget Committee about current abuses in government spending because of the lack of transparency and accountability and he personally indicated that he wanted to take an active role in the implementation of the DATA Act to usher in a new era of government financial accountability and transparency. The US Health & Human Services Department indicated to the press recently that the federal agency will begin piloting the Data Act implementation for US social program transparency and accountability
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 I wrote on this topic in the February 2019 issue
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 week. From testimony before the US Senate Banking Committee: US Senator Sherrod Brown: “SEC should act to require uniform disclosure of corporate ESG factors, said ranking committee member Sherrod Brown, D-Ohio
The US House of Representatives’ Financial Services Committee just created a Diversity and Inclusion subcommittee (the first in the nation’s history) to examine this important human capital topic and to understand what companies are disclosing this data, why and how the capital markets and government can support better disclosure. The financial services committee has Congressional oversight of the US SEC, PCAOB and the accounting and auditing profession, How Can Diversity and Inclusion Support a Company’s Business Case?
Will they help their finance team gather this data and create internal systems in place to manage and report this new information to company stakeholders
Approximately 1 in 5 investment dollars in the USA is going to sustainability finance but we are not hearing any action by the US SEC to support this capital markets efforts to provide better transparency and accountability
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