Message from John Epperson, Managing Principal, Financial Services
Dear FIEB readers,
The world has changed in just the past month, which makes us all the more thankful we can share with you our financial reporting, governance, and, in particular, risk management insights. Risk comes in many forms, and managing risk can be as much an art as it is a science. Knowledge and understanding of risk, however, is often a game changer. This month we share perspectives on global financial risk from the Financial Stability Board, thoughts on materiality and financial statement errors from the SEC’s acting chief accountant, the SEC’s rule proposal on cybersecurity risk management and disclosure, and quarterly banking and credit union highlights from the federal financial institution regulators.
We also outline the FDIC’s 2022 priorities, which include consideration of climate risk. Speaking of climate, you might wish to mark your calendars for SEC’s open meeting on Monday, March 21 at 11 a.m. Eastern, where the SEC will consider whether to propose climate-related disclosures.
Whatever arises in the world of financial reporting, governance, and risk in the coming months, we commit to keeping you informed.