Canada’s audit regulator, the Canadian Public Accountability Board, recently published its first individual firm inspection reports. This is how the news release put it: The reports are now available on CPAB’s website and will be published on an ongoing basis. This initiative enhances transparency and provides stakeholders with greater insight into the results of CPAB’s regulatory oversight…
As we addressed here, Investors for Paris Compliance recently issued the report Accounting for the Canadian Oil & Gas Liabilities Gap. We looked last time at some of the report’s observations on financial statement disclosure. Another of its findings is “a potential massive overall liability gap based on a leaked Alberta Energy Regulator (AER) estimate…
The UK’s Financial Reporting Council recently issued the results of a thematic review on Reporting by the UK’s smaller listed companies. The review consisted of “a desktop review of 20 companies with year-ends between September 2024 and April 2025 operating in a range of market sectors.” These are the main findings noted: Improvements could be…
The IASB has issued Amendments to the Fair Value Option for Investments in Associates and Joint Ventures, an exposure draft of proposed amendments to IAS 28, with comments to be received by April 20, 2026. Paragraphs 18–19 of IAS 28 permit an entity to elect to measure an investment in an associate or a joint…
Social Value International has launched a Global Survey on Investors’ Expectations of Company Accounts The survey explores “whether information reported in company accounts reflects the expectations of those who use them.” It’s open to “anyone whose financial decisions or future income may be affected by how companies perform.” As the news release puts it: Company…
Investors for Paris Compliance recently issued the report Accounting for the Canadian Oil & Gas Liabilities Gap. The organization is “a shareholder advocacy organization that works to hold Canadian publicly-listed companies accountable to their net zero commitments.” The report concludes: Canadian oil and gas investors face significant uncertainty regarding the decommissioning liabilities that appear on…
On the Forbes.com website, Ioannis Ioannou, Associate Professor of Strategy and Entrepreneurship at London Business School, delivered a thoughtful and balanced assessment of the current state of ESG. Here are some extracts: ESG may have become popular, but popularity is not the same as conviction. Some firms adopted the language because it was fashionable, because…
Should Data Appear on Corporate Balance Sheets? asked the title of a recent Fortune article. It’s written by Shivaram Rajgopal. Here are some extracts: We have known for quite a while now that corporate data can be very valuable. One of the big barriers to mass corporate adoption of AI is the absence of scrubbed…
SEC Commissioner Mark T. Uyeda recently delivered some remarks at the 53rd Annual Securities Regulation Institute: He noted: The Commission is considering how it can further enhance America’s capital markets—both qualitatively and quantitively. We cannot take for granted that our capital markets will remain the most attractive, the deepest, and the most liquid in the…
As part of its activities, the European Securities and Markets Authority (ESMA) organizes a forum of enforcers from 38 different European jurisdictions, all of whom carry out monitoring and review programs similar to those carried out here by the Canadian Securities Administrators. ESMA a while ago published some extracts from its confidential database of enforcement…
