CICA Data Level Assurance Survey

The advent of XBRL raises the possibility that there will be an increase in reporting of data outside of the financial statements, including disaggregated data that might ultimately be included in the financial statements. Such data might also include the various performance measures that are presently being disclosed. In addition, there may be a demand for assurance on these data disclosures. (Complete the CICA survey which is part of a research study on the topic of data level assurance.)

Report of the 21st Century Disclosure Initiative

The 21st Century Disclosure Initiative has delivered a report to the US Securities and Exchange Commission (SEC) setting out a blueprint for a modernized disclosure system. The report recommends that the SEC design and implement a new disclosure system in which interactive data would replace plain-text disclosure documents. On January 15, 2009, William D. Lutz, Director of the 21st Century Disclosure Initiative, discussed the report in a speech to the New York chapter of the National Investor Relations Institute. (Read the Report and a transcript of the Speech / Presentation.)

PwC good practice examples

Effective communication with the market in today's tough environment is more important than ever. Therefore, PricewaterhouseCoopers (PwC) has updated its Corporate Reporting site with new examples. The site features over 130 good practice examples relevant to today's reporting. These are drawn from forward-thinking companies worldwide in the 2007 and 2008 reporting season.

Global challenges demand global solutions

The world’s business and government leaders only have a short time to develop effective solutions to the current economic crisis, participants at this year’s World Economic Forum Annual Meeting were told. The message is that leaders must continue to develop a swift and coordinated policy response to the most serious global recession since the 1930s: global challenges demand global solutions. (Read The Global Agenda 2009.)