I’m sure I’m not the only one who can hardly keep up with all the developments on the sustainability reporting front… For instance, the ISSB recently announced a “Partnership Framework for capacity building in developing and emerging economies” designed to “(seek) alignment on a shared vision that widespread availability of high quality, comparable and timely…

Here are some extracts from a settlement agreement recently entered into between the Ontario Securities Commission and Cronos Group Inc. Cronos Group Inc., an Ontario-based public cannabis company, is being held accountable for improperly recognizing $7.6 million (US $5.8 million) in revenue in its Q1, Q2 and Q3 2019 interim financial statements and for subsequently…

“ISSB unanimously confirms Scope 3 GHG emissions disclosure requirements with strong application support, among key decisions,” announced a recent press release. Here’s what it said: The International Sustainability Standards Board (ISSB) of the IFRS Foundation has made significant progress refining its first two proposed sustainability-related disclosure standards―[draft] IFRS S1 General Requirements for Disclosure of Sustainability-related Financial…

As we’ve addressed many times, the International Sustainability Standards Board issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. Here’s an extract from the S1 document: An entity shall provide information that enables users of general purpose financial reporting to…

Globalism Failed to Deliver the Economy We Need heralds a recent article in The New York Times. It’s written by Rana Foroohar. Here are some extracts: For roughly half a century, our political economy has been based on the governing concept of neoliberalism — the idea that capital, goods and people should be able to…

Let’s look at another extract from the Ontario Securities Commission’s refilings and errors list. You’ll recall that this is a record of companies that refiled or restated some aspect of their continuous disclosure record as a result of an OSC review – the list has the dual purpose, I believe, of providing an extra degree…

Here’s the main text of a recent news release issued by the Ontario Securities Commission: The Ontario Securities Commission (OSC) announced today it will be making targeted inquiries to certain public accounting firms that conduct audits of Ontario reporting issuers. As a result of ethical violations identified by regulators in Canada and other jurisdictions, the…

One of the Hottest Trends in the World of Investing is a Sham announces the title of a recent opinion piece in the New York Times It’s written by Hans Taparia, a “a clinical associate professor at the New York University Stern School of Business and a former entrepreneur.” Here are some extracts: Wall Street…

The IASB recently discussed some potential amendments to the contractual cash flow characteristics requirements in IFRS 9 Financial Instruments. We’ve already addressed some potential amendments to clarify some of the underlying principles of the solely payments of principal and interest (‘SPPI’) assessment. You’ll recall that IFRS 9 is based on the premise that amortized cost…

As we addressed here, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. The general exposure draft proposes that an entity be required to report its sustainability-related financial disclosures at the same time as…