Mazars Corporate risk and reporting newsletter – October 2023

This edition also explores recent updates in sustainability reporting, compliance, as well as a reflection on the vital importance of adhering to the ethics code for professional accountants.

Key highlights in our October edition include:

Financial reporting

• ASIC review elicits risk disclosures
• ASIC collects more than $700,000 in financial reporting fines
• Stakeholders’ perspectives on crypto-assets accounting

Sustainability reporting

• IOSCO endorses the ISSB’s sustainability-related financial disclosures
• IFRS S2 and TCFD compared
• How climate affects financial statements
• AUASB seeks feedback on sustainability assurance standard
• Canberra releases paper on climate disclosures
• ACCC publishes draft paper on environment claims
• UK FRC examines climate-related disclosures

Regulators 

• Security stocktake exposes gaps
• APRA finalises remuneration disclosures
• Feds seek feedback on MIS framework
• APRA finalises operational-risks standard
• APRA publishes investment governance guidance

Compliance

• Poor corporate reporting uncovered
• ASIC calls on licensees to strengthen remediation procedures

Ethics

• Importance of ethics code

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