CAQ calls for audit committees to improve disclosure on audit fees December 22nd, 2023 The Center for Audit Quality (CAQ) has urged companies to disclose more information around audit fees, particularly the connection between them and audit quality. The Audit Committee Transparency Barometer analyses audit committee disclosures of companies in the S&P 1500, reviewing disclosure […]
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The International Accounting Standards Board (IASB) has begun evaluating how companies can improve their climate-related risk reporting.
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Rio Tinto has paid the Securities and Exchange Commission (SEC) $15m to settle charges from the regulator over bribery failures.
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IFRS builds global reach with office in China January 11, 2022 The IFRS Foundation Trustees is expanding its global presence by establishing an office in China. On 29 December an agreement was signed with China’s Ministry of Finance (MOF) to open an office for the International Sustainability Standards Board (ISSB) in Beijing. The signing follows […]
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ISSB disclosure rule update expected in 2023 January 6, 2022 The International Sustainability Standards Board (ISSB) is to propose two new rules covering companies’ disclosures of climate-related risks and expands its focus to include corporate biodiversity reporting. The pairing will help set a baseline for disclosures by more broadly incorporating nature, the ISSB said. The […]
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Chinese companies will come under the scrutiny of the Public Company Accounting Oversight Board (PCAOB) for the first time on the back of new Congressional legislation.
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The pensions industry needs to pull its finger out and embrace the concept of ‘double materiality’ in order to pull its weight when it comes to meeting sustainability goals.
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New rules introduced to stop incorrect executive payouts October 28, 2022 New rules aimed at preventing executives from wrongly keeping payouts based on inaccurate financial statements have been introduced by the Securities and Exchange Commission (SEC). Securities exchanges will be required to adopt listing standards that require issuers to have a policy for the recovery […]
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DWP launches consultation on DB scheme funding July 29, 2022 The UK’s DWP aims to create clearer funding standards while supporting trustees and employers in planning their scheme funding over the long term The Department for Work and Pensions (DWP) is seeking consultation on The Draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) […]
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The ISSB has launched a consultation on two proposed standards that will eventually form a “global baseline” of sustainability disclosures.
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