With the closure of International Financial Reporting Standards (IFRS) Foundation consultation on amendments to its constitution and governance structure – allowing the formation of a new International Sustainability Standards Board (ISSB) – recent days have seen notable responses.
The International Federation of Accountants (IFAC) has submitted a thought-provoking response to the UK in its response to the UK Department for Business, Energy & Industrial Strategy (BEIS) consultation on wide-ranging reforms aiming to restore trust in the country’s corporate reporting, audit and governance regime.
The Board of the International Organization of Securities Commissions (IOSCO) has published its ‘Report on Sustainability-related Issuer Disclosures,’ capturing its approach and expectations for the development of global baseline sustainability reporting standards.
A new benchmarking study on global sustainability reporting and assurance practices highlights significant differences between jurisdictions. These extend to the reporting frameworks and methods used as well as the prevalence and level of assurance and the type of practitioner providing the service.
Jean-Paul Servais, Vice Chair of the International Organization of Securities Commissions (IOSCO) and Chair of the International Financial Reporting Standards (IFRS) Foundation Monitoring Board, recently explored why IOSCO believes in the IFRS Foundation Trustees’ sustainability initiative and how IOSCO will support it.
In advance of the G20 Summit this month in Buenos Aires, Argentina, the International Federation of Accountants (IFAC) released a list of ten recommendations for G20 countries to support the global economy. Centring around the need to pursue smart regulation, greater transparency and inclusive growth, the recommendations are designed to help rebuild public trust in institutions and advance economic progress.
A terrifying study out this week from IFAC says that the burden on internationally operating businesses caused by different regulatory arrangements is in excess of $780 billion USD. That’s more than the GDP of Switzerland. Or Malaysia and Singapore combined. It’s half the GDP of Brazil, population 200M+!
The Integrated Reporting consortium reports this week that IFAC has issued a strong statement of support for the <IR> methodology and that SEBI, the Indian corporate regulator, has announced that the largest 500 companies in that country are encouraged to issue Integrated Reports in order to meet their new mandatory Business Responsibility Report (BRR) requirements. Integrated Reporting […]
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