NOCLAR, a whistleblower process with a twist or two…

An organization’s reputation is a key ingredient in establishing a company’s perceived value. In our current environment, even mere allegations of wrongdoing are enough to negatively impact a company’s market position. Therefore, it should come as no surprise that ethics are at the forefront of every CFO’s mind.

For companies to mitigate against damaging outcomes, they need to adopt a process that guides their employees to effectively deal with suspected cases of non-compliance, including whom they should speak with and when the should report it.

Join André Vincent, a partner and Chief Ethics Officer at Deloitte, as he discusses NOCLAR, a new standard regarding the disclosure of Non-Compliance with Laws and Regulations, and its capabilities as a tool for supporting robust ethics programs. Organizations that can embrace it effectively will find themselves at an advantage – through greater accountability and protection of stakeholders.

Learn more about NOCLAR

Other Content of Interest

Stay updated on the latest in financial reporting at Deloitte’s Centre for financial reporting.

IFRS: Standards

IASB concludes the 2015-2017 annual improvements cycle

The IASB issued Annual Improvements to IFRS Standards 2015–2017 Cycle. The pronouncement contains amendments to IFRS 3, IFRS 11, IAS 12 and IAS 23, as result of the IASB's annual improvements project.

IFRS: Taxonomy

IFRS Taxonomy Update—2017 Annual Improvements

The IASB IFRS Foundation published a Proposed IFRS Taxonomy Update to reflect changes to the IFRS Taxonomy 2017 resulting from annual improvements. The comment deadline is January 29, 2018.

IFRS: Webcasts

Are you ready for year-end?

With 2017 year-end fast approaching, learn what you need to know to be prepared for this year’s financial reporting and considerations for 2018. In these webcasts, our panel of Deloitte subject matter specialists explores and discusses: (i) New amendments that became effective this calendar year; (ii) Upcoming standards that will soon become effective; and (iii) Issues on which regulators and accounting standard setters are focusing, including an update on the IASB work plan and recent IFRIC decisions.

ASPE: Webcasts

What you need to know for year-end

Our webcasts will provide insights on: (i) New guidance in ASPE addressing how to apply the cost method to investments in subsidiaries; (ii) Current status of projects from the AcSB including the new exposure draft on proposed amendments to Sections 1591, 3251 and 3856; (iii) New standards for review engagements and what to expect for your 2017 year-ends; (iv) Auditor reporting standards, which will bring change to all external auditor reports starting in 2018; and (v) General year-end reminders and resources to help you prepare.

PSAS: Webcasts

Keeping current on Public Sector Accounting Standards

Our webcasts provide insights on: (i) New standards being developed under PSAS and what to expect moving forward; (ii) Implementation considerations and what we have been seeing across the country; and (iii) What's challenging CFOs today across all industries, and what strategies, marketplace tools, and resources they are using to keep ahead.

PSAS: Invitation to Comment

Employment Benefits: Discount Rate Guidance

Section PS 3250 does not provide specific guidance on which discount rate should be used to estimate accrued benefit obligation. As a result, the PSAB issued an Invitation to Comment to seek stakeholder input before forming its preliminary views on the discount rate guidance provisions in the employment benefits standards. Comments are requested by
March 9, 2018.

U.S. GAAP: Publications

Highlights of the 2017 AICPA Conference on Current SEC and PCAOB Developments

This Heads Up extracts key insights from this year's three-day AICPA Conference on Current SEC and PCAOB Developments. The conference features speeches by, and question-and-answer sessions with, members of the SEC, PCAOB, FASB, IASB, and other professional groups on current accounting, reporting, and auditing practice issues.

U.S. GAAP: Publications

FASB tentatively relieves entities from implementing certain aspects of ASU 2016-02

This Heads Up discusses the tentative FASB decisions to amend certain aspects of its new leasing standard, ASU 2016-02. The Board tentatively decided that: (i) entities may elect not to restate their comparative periods in the period of adoption when transitioning to the new standard; and (ii) lessors may elect not to separate lease and non-lease components when certain conditions are met.

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