Importance of Diversity and Inclusion Having an active diversity and inclusion strategy and disclosing these metrics included in the financial report also builds the business case to attract an increasing number of investors looking for this additional data disclosure. 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?
What the world’s other largest and emerging securities regulators are doing to support sustainability disclosures: IOSCO´s Growth and Emerging Market Committee (GEMC) today published the consultation report Sustainable finance in emerging markets and the role of securities regulators , which proposes 11 recommendations for emerging market member jurisdictions to consider when issuing regulations or guidance regarding sustainable financial instruments
All eyes now turn to see if SEC Chairman Mary Jo White -- will she mandate Inline XBRL for public company financial statement disclosure before President Obama leaves office and she resigns her position Chair and follow the ESMA mandate for EU public companies and other regulators such as UK Companies House. Will this action translate to DATA Act reporting by federal government agencies ?
What’s exciting according to the Accounting Today article is that XBRL is now mandated by more than 100 securities, banking and tax authorities in more than 70 countries around the world for better regulatory and risk management
(Many of these companies are private companies that involve the preparation of management accountants outside the USA) John Turner sees the biggest uptake of XBRL globally among financial regulators in the banking, insurance and pension industries, particularly in Asia and Europe
New areas of data assurance besides a company's financial information: Mortgage-Backed Securities Marketplace What about other data elements that can be tagged and assured used in the capital markets or banking communities – what about mortgage backed securities where transparency is really needed?