Materiality

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ESMA sets strict 2024 priorities, with double materiality at the forefront

Last week the European Securities and Markets Authority (ESMA) rolled out its 2024 European Common Enforcement Priorities (ECEP) for corporate reporting. This year, the European Securities and Markets Authority (ESMA) is doubling down on “double materiality,” the idea that sustainability reporting should capture not only financial impacts but also broader social and environmental ones.

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Materiality assessments essential for climate risk management

By Editor

In a recent blog post on the European Central Bank (ECB) Supervision Blog, Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, underscores the importance of banks’ materiality assessments in managing climate and environmental risks.

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AASB shines a light on materiality in financial reporting

By Editor

Materiality, a linchpin in financial reporting, has garnered renewed attention from the Australian Accounting Standards Board (AASB). Two recent publications shine a light on the application of materiality by preparers and auditors, revealing a need for more nuanced approaches that align with user expectations.

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FRCMaterialityUK

Streamlining corporate reporting with FRC’s materiality mindset

By Editor

The UK’s Financial Reporting Council (FRC) is spearheading a ‘materiality mindset,’ designed to push businesses towards a strategic approach to assessing materiality that can result in better reporting.

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SEC top accountant discusses materiality in reporting errors

By Editor

Paul Munter, Acting Chief Accountant at the US Securities and Exchange Commission (SEC), has published commentary on restatements and when errors should be considered material.

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SEC Commissioner Lee on materiality myths and misconceptions

By Editor

Commissioner Allison Herren Lee of the US Securities and Exchange Commission (SEC) recently spoke on ‘Living in a Material World: Myths and Misconceptions about “Materiality.”’ She addressed, among other topics, the important role of the investor in determining what is ‘material’ to disclosure, particularly around environmental, social and governance (ESG) topics.

Materiality

Items tagged with "Materiality"

ESMA sets strict 2024 priorities, with double materiality at the forefront

Materiality assessments essential for climate risk management

AASB shines a light on materiality in financial reporting

Streamlining corporate reporting with FRC’s materiality mindset

SEC top accountant discusses materiality in reporting errors

SEC Commissioner Lee on materiality myths and misconceptions

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Materiality

Items tagged with "Materiality"

ESMA sets strict 2024 priorities, with double materiality at the forefront

Materiality assessments essential for climate risk management

AASB shines a light on materiality in financial reporting

Streamlining corporate reporting with FRC’s materiality mindset

SEC top accountant discusses materiality in reporting errors

SEC Commissioner Lee on materiality myths and misconceptions

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