Accountancy Europe Makes Recommendations to Strengthen Going Concern Reporting

In the past few years, the EU has been hit with several high-profile corporate failures and collapses: Carillion, Thomas Cook, Patisserie Valerie. Corporate failure affects not only the related shareholders, but also the confidence the public has in the sustainability … Continue reading

How the SEC’s Focus on Climate Change Might Affect Comment Letters

On Wednesday, Acting SEC Chair Allison Herren Lee directed the Division of Corporation Finance to begin focusing on climate-related disclosures. This is the first action the SEC has taken to address climate-related disclosure since the Commission’s 2010 Interpretive Guidance. The … Continue reading

Serving Their Purpose? Insights on Critical + Key Audit Matters

Audit Analytics’ recently released report – Serving Their Purpose? Insights on Critical and Key Audit Matters – provides a comprehensive look at the U.S. and international audit matter standards and the disclosure diversity among audit matters based on the different … Continue reading

UK Regulators Address Challenges of Corporate Reporting Amid the Pandemic

Earlier this week, the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) reminded companies in the UK that the permission to delay publication of financial reports is still in effect. The initial joint statement was issued in the early days of the lockdown in the UK on 26 March … Continue reading

A Closer Look into Human Capital Management Disclosures

In 2017, the Human Capital Management Coalition petitioned the SEC to expand disclosures surrounding the human capital management policies, practices, and performance. In response to this request, after significant discussion, the SEC amended Regulation S-K Item 101(c) and required disclosure of … Continue reading