The Council of Financial Regulators held its regular quarterly meeting on Friday, 27 November 2020. In a statement published last week, the Council noted that the policy responses to the pandemic have resulted in a very low rate of business insolvencies during 2020, despite difficult trading conditions, with an expected increase in insolvencies in 2021. … Continued
Read MoreThe International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) last week announced their intention to merge into a unified organisation. The Value Reporting Foundation will merge the SASB and IIRC into a credible, international organisation that maintains the Integrated Reporting Framework, advocates integrated thinking, and sets sustainability disclosure standards for enterprise … Continued
Read MoreThe IFAC Nominating Committee last week announced that it is seeking to fill six vacancies on the International Public Sector Accounting Standards Board (IPSASB). New Board Members will serve an initial term of up to 3 years, commencing January 1, 2022. Candidates will ideally have a public sector background and/or experience in standard setting to … Continued
Read MoreTo assist members, the Group of 100 (G100) earlier this year launched several webcast series dealing with issues impacting companies and finance professionals, tackling issues ranging from company reporting during the pandemic, ASIC expectations, cyber-security through to the future of the finance profession. This year the G100 held seven webcasts, each bringing critical information from leading organisations, … Continued
Read MoreFollowing entreaties by the G100 and other organisations, the Australian Securities and Investment Commission (ASIC) today announced it will extend the deadline for both listed and unlisted companies to lodge financial reports under Chapters 2M and 7 of the Corporations Act by one month for certain balance dates up to and including 7 January 2021 … Continued
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