Importance of aligning reporting standards for effective oversight
Climate change is forcing greater interest in reporting integration and the availability of reliable data from outside the finance domain
Accounting and audit scandals in SA and the UK have renewed debates about effective oversight and structure of the industry, as well as the role of principles and ethics. The replacement of the Financial Reporting Council (FRC) in the UK by a new watchdog, the Audit, Reporting and Governance Authority, among others signal greater interest in governance.
The burning topic of climate change is also forcing greater interest in reporting integration and the availability of reliable data from outside the finance domain. Integrated reports by leading corporates worldwide confirms the growing sophistication of environmental, social and governance data...
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