January 2016: World Economic Forum
On 14 January the World Economic Forum (WEF) publishes its Global Risks Report. From survey feedback of 750 respondents, the two greatest global risks in terms of impact and likelihood are “Failure of climate change mitigation and adaptation” and “Large-scale involuntary migration”. Migration is a higher concern among short-term (18 months) risks, whereas the resource-related […]
FASB: Make materiality transparent
January 2016 User View by Sanford Lewis, Attorney and Council, Investor Environmental Health Network, United States IN late 2015 the Financial Accounting Standards Board (FASB), US equivalent of the International Accounting Standards Board (IASB), received comments on proposed changes to the accounting rules that govern corporate disclosure in financial statements. The proposed changes on definitions of “materiality” were […]
