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…

IFRIC recently issued the following tentative agenda decision (open for comment until May 29, 2026): Fact pattern An entity was involved in setting the purpose and design of an investee when the investee was established. At that time, the entity concluded—applying IFRS 10—that it controlled the investee. At a later date, the governing document of…

We’ve looked recently at several initiatives to reduce disclosure and compliance obligations for smaller public companies. SEC Chair Paul Atkins returned to the topic in a recent speech: One of my highest priorities with respect to the SEC’s disclosure rules is to scale the requirements with the company’s size and maturity. Balancing disclosure obligations with…

I came across a fascinating posting on X (or tweet, as I still call them): Job didn’t deny his losses. He acknowledged them openly: “The Lord gave, and the Lord has taken away.” (Job 1:21) IFRS 5 agrees Take the loss as soon as it’s clear, Don’t pretend everything is fine because the asset still…

Is the SEC regulating for a pre-AI world? asks the CFA Institute’s Sandy Peters. That’s in an excellent recent article on cfo.com. Here are some extracts: In December, the 2025 AICPA Conference on Current SEC and PCAOB Developments opened with a conversation with the Securities and Exchange Commission’s Chair, Paul Atkins. While he did not…