The IFRS Foundation Trustees have set out how they intend to run the organisation over the next five years, alongside a consultation on the governance changes needed to get there.
The International Federation of Accountants (IFAC), in partnership with the We Mean Business Coalition and the Global Accounting Alliance, recently published the resource Building Trust in Sustainability Reporting and Preparing for Assurance. This guide provides a comprehensive roadmap for establishing effective governance arrangements and controls to bolster confidence in sustainability disclosures.
Earlier this month the UK’s Financial Reporting Council (FRC) announced a significant restructure, establishing two new functions: Market Intelligence and Insights, and Digital Reporting and Taxonomies.
In its Annual Review of Corporate Governance Reporting, the UK’s Financial Reporting Council (FRC) acknowledges improvements in reporting quality against the UK Corporate Governance Code by listed entities in that country. It also points out persistent challenges.
The European Financial Reporting Advisory Group Financial Reporting Technical Expert Group (EFRAG FR TEG) has renewed the mandate of six of its members, and welcomed Jens Berger as Acting Chair.
The European Financial Reporting Advisory Group (EFRAG) made several appointments to its governance structure this week, completing both the Financial Reporting Board (FRB) with the appointment of Wolf Klinz as chair, and the Sustainability Reporting Board (SRB) with Patrick de Cambourg appointed as chair.
PwC Japan has recently published an analysis of this year’s trends in corporate governance, risk management and other hot topics, based on text mining of XBRL-based annual reports by Japanese public companies listed on the Tokyo Stock Exchange.
The European Commission (EC) has published a summary of responses to its consultation on ‘Corporate reporting – improving its quality and enforcement.’
The Organisation for Economic Cooperation and Development (OECD) has published an in-depth report on ‘The Future of Corporate Governance in Capital Markets Following the COVID-19 Crisis.’
The IFRS Foundation announced yesterday that Prof. Dr Andreas Barckow has been selected as the next Chair of the International Accounting Standards Board (IASB), effective July 2021. He will succeed Hans Hoogervorst, whose second 5 year term will conclude at the end of June.
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