The International Sustainability Standards Board (ISSB) has published the Exposure Draft IFRS Sustainability Disclosure Practice Statement 1 Nature-related Disclosures, open for comment until February 19, 2027. Here’s some of what the news release had to say: The proposals have been developed to help companies provide material information to investors about nature-related risks and opportunities. Companies…

A startling recent New York Times article revealed How Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes. It’s written by Kashmir Hill, Jesse Drucker, Eli Tan and Mike Isaac. Some extracts: Mark Zuckerberg says Meta’s A.I. push is a tremendous success. “Our investments in A.I. are accelerating every major part of our…

IFRS S2 Climate-related disclosures requires that an entity disclose its absolute gross greenhouse gas emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent, and that these be measured “in accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2004) unless the entity is required, in whole or in…

Canadian Accountant recently ran an interesting article titled: Why you should live your life like an accountant — and how you probably already do. It’s written by Jack Campbell, a PhD candidate in accounting and accountability at Dublin City University in Ireland. Here are some extracts: WHEN asked to think about accounting, most people imagine…

IFRIC recently received a submission from the European Securities and Markets Authority (ESMA), cited in this blog in the past (most recently here) for its periodic publications of extracts from its database of enforcement decisions. Here’s the fact pattern behind the resulting tentative agenda decision issued by IFRIC: an entity manufactures cars and leases them…

In 2017, I watched the Ben Affleck film The Accountant, only because I thought it might provide material for a blog post: it wasn’t easy, but I did it (capsule takeaway: “To me the film feels largely cluttered and unilluminating, but at least it allows that an accountant might be defined by more than simply…

Here’s a stimulating LinkedIn commentary from internal audit professional John Johnson: Something interesting is happening in the auditing profession right now. 1. Regulators are pulling back on formal mandates. Some examples: – The NYSE proposed extending the internal audit function requirement for newly listed companies from one year to five.– The SEC proposed raising the…

In its September meeting, the ISSB received an update on its human capital project. The staff paper noted the following as an area where more research is required: the importance of emerging workforce-related risks and opportunities, particularly those related to AI— AI deployment has advanced significantly over the course of the project and our discussions…

Between all the work done by regulators and standard-setters, striking examples of potentially misleading “non-GAAP measures” aren’t as easy to come by as they used to be. The AI company Anthropic recently provided a good one though, albeit falling into somewhat of a “hearsay” category as the company is privately held and doesn’t yet report…

Canadian securities regulators decline to oversee sports, entertainment contracts for prediction markets, announced a recent Globe and Mail headline Here’s some of what the article had to say: The Canadian Securities Administrators, an umbrella organization made up of provincial and territorial securities regulators, and the Canadian Investment Regulatory Organization, or CIRO, issued a joint statement…