ISSB Chair Emmanuel Faber continues to tinker with messaging… This is from a recent speech at the 2026 Beijing International Sustainability conference: Adoption of our Standards continues with momentum. I sometimes hear that ESG is something of the past—that now it’s all about geopolitics; it’s all about AI and other things. Well, the truth is…
The US Securities and Exchange Commission has proposed rule and form amendments that would give public companies the option of filing semiannual reports in lieu of quarterly reports to meet their interim reporting obligations under the federal securities laws. Here’s the news release summary: Public companies, subject to Exchange Act Section 13(a) or 15(d), are…
Louis Goss recently published an article titled The end of the accountancy gravy train. Here are some extracts: Entry to the upper ranks of a “big four” firm was once considered the moment an accountant had made it. The prospect of becoming a partner at one of PwC, Deloitte, KPMG or EY was the ultimate…
In a post titled Skate to Where the Puck is Going, Armand Capisciolto, Chair of Canada’s Accounting Standards Board, recently set out some questions arising from ongoing changes in technology, relating to the Board’s ongoing research into how those changes are affecting the way financial information is consumed and accounting standards are applied: Areas he…
The ISSB recently announced a decision to propose requirements for nature-related disclosures in the form of an IFRS Practice Statement. This is from the news release: The ISSB’s existing Standards already require companies to provide material information about all sustainability-related risks and opportunities, including nature-related risks and opportunities that could reasonably be expected to affect…
It feels recently as if I could devote this blog entirely to AI-related developments… …as if every new entry might anxiously immerse itself in the tussle of risk and opportunity, hopelessly trying to parse the significance of the latest piece of AI-related news or commentary (and there’s never a day without something new to chew…
The IASB recently discussed how to respond to stakeholder feedback on the Request for Information Post-implementation Review of IFRS 16 Leases. The staff paper indicates that many stakeholders commented on the ongoing costs for lessees of applying the IFRS 16 measurement requirenents. Among other feedback, they find “many aspects of the Standard very complex to apply and…
SEC Commissioner Hester Peirce recently delivered a speech titled The Art and Science of Materiality. She illustrated the broad concept in the following remarkable fashion: humor me by considering this question: How would you describe the Mona Lisa to a person who has never seen it before? A half-length portrait of a woman? Wouldn’t you…
The Ontario Securities Commission recently filed an Application for Enforcement Proceeding against KPMG LLP, for audit failures relating to KPMG’s 2019 and 2020 audits of four funds managed by Bridging Finance Inc. As the news release summarizes things: After completing its audits, KPMG issued independent auditor’s reports directed to fund unitholders stating KPMG’s opinion that…
The IFRS Foundation recently published its 2025 Annual Report, bearing the title “Fit for the Future.” The financial highlights, as summarized in the news release: The Foundation reported total comprehensive income of £1.3 million for the year, increasing reserves to £49.2 million. The results reflect the impact of the cost-reduction programme, continued cost management and…
