by Jayson Dunne, Director, Rubicon Risk Advisory Services
As a corporate treasurer or risk manager, are you ready for the increased information demand that changing regulations will likely place on your time?
The present dynamic regulatory framework is changing the way companies are required to measure and report risks in their annual integrated reports. Statements attesting to corporate viability are required to be more detailed than previous ‘going concern’ opinions expressed by a company’s auditors. The risk management portion of the report has also moved from a general statement about risk awareness and management and expanded to comprise a large portion of an integrated report. Ironically, the reporting on risk relating to financial market variables, despite being well understood mathematically, has been less detailed in integrated reports, than say, the environmental report.