This Heads Up discusses the SEC’s recently issued final rule Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Under the final rule, registrants must provide enhanced and standardized disclosures about material cybersecurity incidents; their processes for assessing, identifying, and managing material cybersecurity risks; and the board of directors’ oversight of such risks.
This Financial Reporting Alert summarizes some of the challenges faced by commercial real estate entities — as well as by investors and lenders with assets backed by commercial real estate — in the current macroeconomic environment.
This Financial Reporting Alert summarizes some of the challenges faced by commercial real estate entities — as well as by investors and lenders with assets backed by commercial real estate — in the current macroeconomic environment.
Recent bank failures and takeovers have impacted the banking sector and broader business. Against a backdrop of other U.S. and global macroeconomic and geopolitical conditions, it is important to consider these banking-sector events as part of ongoing, iterative risk assessment. U.S. and global uncertainties related to these banking-sector events persist, and further short- and long-term regulatory action may occur. This alert has been issued to help companies with the accounting/financial reporting considerations related to these events.
Is reporting on sustainability-related topics simply another Finance task, or is it something more? Reimagining reporting, the latest report in the Finance for a Sustainable Future series, breaks down the strategy, processes and approaches Finance leaders can use to embrace ESG reporting to grow and contribute.
This issue addresses the recent SEC issuance of new and updated interpretative guidance on how the commission evaluates non-GAAP measures, and briefly highlights key topics for consideration.
This Deloitte PoV, issued by the Global Assurance team, focuses on meeting stakeholder demands today, while driving financial and non-financial information connectivity to unlock future value through integrated reporting.
The SEC has proposed enhancements to disclosures regarding cybersecurity risk management, strategy and incident response in their ruling Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure issued on March 9, 2022. While this proposed ruling increases the compliance burden on public organizations, it comes with the opportunity to enhance response and recovery, improve cyber program governance and optimization, and implement secure intelligent operations, which could benefit the economy and investors. To realize these opportunities, business and security organization leaders should consider evolving their business models and shaping future products and services with cybersecurity and governance at the center of the initiative. Read the report to understand how the proposed rule will affect your organization.
The Securities and Exchange Commission (SEC) has proposed enhancements to disclosures regarding cybersecurity risk management, strategy and incident response in their ruling Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure issued on March 9, 2022.
This Roadmap addresses financial reporting, accounting, and auditing considerations to help companies navigate challenges related to preparing an IPO registration statement and ultimately going public. The 2022 update of this publication includes coverage of recently proposed SEC rules related to SPAC transactions and climate-related disclosures, which could affect companies entering the public markets.
Existing EU legislation requires an entity whose securities are traded on an EU regulated market to include, in its annual financial reporting, a corporate governance report describing the key aspects of its internal control and risk management systems pertaining to financial reporting. Individual Member States may set more extensive requirements and national legislative frameworks cover a wide range of different approaches. These factors have contributed to an EU debate over the need for a more consistent and stronger approach to legislation governing corporate internal controls in Member States. Internal controls that are effectively designed, operated, and maintained, with appropriate oversight, are fundamental to high-quality corporate reporting.
The SEC’s recent cyber disclosure proposal says that cybersecurity is among the top priorities for many boards and that cyber incidents and other cyber risks are considered among the biggest threats for many companies. “Accordingly, investors may find disclosure of whether any board members have cybersecurity expertise to be important as they consider their investment in the registrant as well as their votes on the election of directors of the registrant,” the SEC wrote in its proposing release. This aspect of the SEC proposal has promoted discussion in some boardrooms about whether boards should have someone with cyber expertise as a member.
