A global panel of experts created by the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) has made a bunch of recommendations to avert the next financial crisis. The courses of action range from asking companies to take more responsibility for "effective price verification" when valuing financial instruments, to developing robust disclosures around structured financial products, to developing a permanent funding mechanism for the IASB as a way to protect its independence from "undue influence." What could these mean for Asia's CFOs? Read about it here. Download the full report here.
More than 90 percent of internal audit leaders say their departments understand the risks associated with cybersecurity and a majority are providing some support to their organizations. However, few are comprehensively addressing the risks, according to new findings released by The Institute of Internal Auditors.