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Items tagged with "Governance"

IFAC on building trust in sustainability reporting

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.

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FRC restructure boosts focus on digital reporting and XBRL taxonomies

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.

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Corporate governance reporting: progress and challenges

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.

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EFRAG TEG gets new acting chair

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.

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New board members complete EFRAG governance structure

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.

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Extracting the latest governance and risk management trends from Japan

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.

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EU reporting framework overall effective, with governance an area for focus, says EC consultation

The European Commission (EC) has published a summary of responses to its consultation on ‘Corporate reporting – improving its quality and enforcement.’

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Robust corporate governance needed post-pandemic, says OECD

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.’

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IASB appoints new Chair

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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Deloitte announces Independent Audit Board

Following the UK Financial Reporting Council’s (FRC’s) recent demands for the big four audit firms to separate audit from other business practices, Deloitte has announced plans to establish an independent Audit Governance Board (AGB).

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