Author: obernazard

KEY POINTS Assets managed with environmental, social and governance concerns continue to surge. Between 2018 and 2020, total U.S.-domiciled sustainably invested assets under management, both institutional and retail, grew 42%, to $17.1 trillion, up from $12 trillion. Assets managed with environmental, social and governance considerations continue to surge. And while still largely driven by institutional[…]

J. Robert Brown, a member of the Public Company Accounting Oversight Board, heavily criticized recent moves by the PCAOB to strip down its research and standard-setting agendas without proper consultation, in an unusual public statement after a series of upheavals at the board. The statement, dated Oct. 13, pointed to the publication last month by the[…]

In 2019, impact investing was a $715 billion global market. Looking beyond the pure financial heft of the market, the number accurately reflects the growing reality among corporates and investors who are seeking to deliver strong financial returns for their shareholders, while building a more equitable world for their stakeholders. With a sharper corporate focus on achieving[…]

Data analytics enables finance leaders to employ a risk-based approach to conducting internal and compliance audits and prioritize improvements when problems are found. The pandemic presents challenging times for many corporate compliance and internal audit functions. Despite a new way of working, the mandate for compliance and internal audit professionals remains the same: identify and[…]

Employment increased by 638,000 jobs in October, including 1,400 in accounting and bookkeeping, the U.S. Bureau of Labor Statistics reported Friday, and unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic. Job gains mostly occurred in the leisure and hospitality, professional and business services,[…]

British Airways has been fined £20m ($26m) by the Information Commissioner’s Office (ICO) for a data breach which affected more than 400,000 customers. The breach took place in 2018 and affected both personal and credit card data. The fine is considerably smaller than the £183m that the ICO originally said it intended to issue back[…]

LOS ANGELES & LAKE MARY, Fla.–(BUSINESS WIRE)–The Institute of Internal Auditors and AuditBoard, a leading cloud-based audit software platform, today announced the launch of a $500,000 scholarship program to provide access to training and educational courses for internal auditors who have been adversely affected by the COVID-19 pandemic and related economic pressures. The Elevate Internal Audit Scholarship Program will[…]

In July of this year, the Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) released the second edition of their Resource Guide to the U.S. Foreign Corrupt Practices Act (“FCPA”).[1] The 2020 revamp is the first complete revision since the agencies’ original edition released in 2012, and the first update since 2015. Although much[…]