Are you considering responding to the International Accounting Standards Board (IASB) consultation on its proposed new framework for preparing management commentaries?
“As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story,” argues a brief but thought-provoking recent article in CFO Dive.
The International Accounting Standards Board (IASB) has published a proposed comprehensive framework for the preparation of management commentaries. The new framework is intended to reflect changes and innovations in the corporate reporting landscape, and better meet the information needs of today’s investors.
EY has published the results of its ‘2020 EY Global Financial Accounting and Advisory Services (FAAS) corporate reporting survey,’ with a number of interesting insights into how the reporting landscape is changing. It is based on responses from more than 1,000 CFOs, financial controllers and other senior finance leaders.
‘The Unbalanced Balance Sheet: Make Intangibles Count’ features in Accountancy Today this week. As Wes – who is Vice Chair – US and Mexico Assurance Leader at PwC and Chair of XBRL International’s Board of Directors – discusses, intangible assets such as brands, technology and customer relationships go unrecognised on balance sheets.
Can central banks combat climate change? During a recent speech at the European Banking Congress, Jens Weidman, the President of the Deutsche Bundesbank and Chairman of the Board of the Bank for International Settlements, outlined the role central banks can – and cannot – play in moving towards a greener future.
Regular readers of this newsletter may remember that recently the European Commission (EC) tasked EFRAG with exploring possible EU non-financial reporting standards that could form part of a revised Non-Financial Reporting Directive (NFRD).
To achieve the world’s current carbon-neutral goals, we need high-quality non-financial data in order to assess businesses’ impact on environmental and social matters.
The Sustainability Accounting Standards Board’s (SASB’s) standards have long helped facilitate the analysis of comparable, consistent, and reliable sustainability data by providing a common language for disclosing sustainability information. Until now, the standards have lacked an accompanying taxonomy.
Following growing support for global non-financial standards, the International Financial Reporting Standards (IFRS) Foundation has published a consultation paper to formally assess the demand for sustainability standards, and gauge support for the Foundation’s role in developing them.
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