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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

Blog Entry
TechTalk Blog - US House and Senate Hold Hearings on US SEC Mandating Corporate Non-Financial Reporting to Support Growing $30 Trillion Sustainability Investing Marketplace

The debate yesterday closely followed the US Securities and Exchange’s Investor Advisory Committee vote on March 29, 2019 to consider imposing human capital management disclosure requirements as a part of its Disclosure Effectiveness Review and disclosure modernization project. Human capital disclosure is an important part of environmental, social and governance disclosures or what the accounting and auditing profession is calling “Integrated Reporting” which the IMA is an important member. The capitals identified by the IIRC are: financial capital , manufactured capital , intellectual capital , human capital , social and relationship capital , and natural capital

Blog Entry

iXBRL is currently being used to data tag financial information of public companies in the world's capital markets for greater transparency and analysis for the public. We will have to see if this same data tagging and linking information (iXBRL) will be applied to non-financial information companies also disclosure to the capital markets supported and developed by the IMA and other XBRL consortium members

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

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 financial, tax or government data used to drive both the capital markets and government services

Blog Entry
TechTalk Blog -- European Parliament Votes in Favor of New Shareholders Rights Directive Requiring Additional Non-Financial Reporting by Public Companies

The next question is if US public companies will follow the EU lead to stay competitive in a thriving global capital markets despite the New Administration's move away from greater transparency and accountability especially related to "say on pay", sustainability reporting related to human and natural resource capital disclosures? If public companies disclose additional non-financial information to investors -- management accountants ARE and WILL continue to play a major role if preparing, verifying and analyzing this information driving capital markets investment especially in the area of climate finance.

Blog Entry
TechTalk Blog - As Proxy Season Starts US Companies & Banks Begin to Disclosure Non-Financial Data to the Capital Markets as a Best Practice

Clearly, capital market interest is there for non-financial information disclosures and the largest US Companies are disclosing this information -- but yet we don't see the US SEC taking any actions to meet this capital markets demand