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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Maria L. Murphy2023-06-08T16:41:00
The Deloitte Center for Controllership released new data that indicates confidence levels in environmental, social, and governance (ESG) financial reporting are low.
More than 3,000 professionals participated in an online poll during a Deloitte webcast held in February on operationalizing ESG reporting readiness. Less than half the respondents (45.7 percent) stated they were confident in their financial reporting teams’ ability to gather and report on ESG financial metrics for regulatory compliance purposes.
Despite the low overall confidence, the Deloitte poll results showed organizations that have an ESG controller, or equivalent role focused on financial reporting and controls related to ESG, and a finance team with some level of ability to influence ESG matters with executive leadership throughout the organization, have significantly higher confidence levels in their ESG financial reporting capabilities than those who do not.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-08-09T16:56:00Z By Jeff Dale
Material findings related to environmental, social, and governance due diligence have disrupted mergers and acquisitions, forcing companies in the United States and abroad to back out of deals, according to a study from KPMG.
2023-07-24T13:09:00Z By Kyle Brasseur
Finance and accounting is increasingly relied on to provide support regarding companies’ ESG disclosures without being granted additional resources. Technology that enables automation serves as a solution to reduce this burden.
2023-03-31T18:28:00Z By Aaron Nicodemus
The Committee of Sponsoring Organizations of the Treadway Commission created a framework for companies seeking to achieve effective internal control over sustainability reporting.
2024-06-12T01:46:00Z By Kyle Brasseur
Erica Williams was reappointed to a second term as chair of the Public Company Accounting Oversight Board after an ambitious first three years in the role that have seen the agency work to update many of its standards deemed outdated.
2024-06-03T17:35:00Z By Kyle Brasseur
Software company Autodesk said it won’t restate several years of financial statements following an audit committee investigation into potential accounting misconduct.
2024-05-24T16:27:00Z By Jeff Dale
Los Angeles-based bank holding company Broadway Financial Corp. disclosed in a public filing weaknesses discovered in its internal control over financial reporting because of training shortfalls.
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