Also, the UKEB seeks UK stakeholders’ views on a recent exposure draft from the IASB, and the EU’s new “due diligence” rules address firms’ impacts on human rights and the environment.
A recent survey shows that more than half of US executives believe external factors will have a greater impact on company success than internal factors.
As sustainability stewards, finance professionals can lead the shift to a “systems value perspective”, which first requires assessing a business’s ESG maturity.
Despite the pressures of an evolving finance landscape, leaders are enthusiastic, but say that talent attraction struggles, and career development limitations make it harder to manage the complexity of their roles.
An IASB board member explains proposed changes to IFRS 3, Business Combinations, how the board plans to reduce complexity in the standard’s impairment test, and next steps for finalising the standard.
The Securities and Exchange Commission rule applies to listed companies and foreign private issuers. Also, the FRC issued Corporate Governance Code guidance.