The regulatory priorities of the Securities and Exchange Commission, Public Company Accounting Oversight Board, and Financial Accounting Standards Board for 2020 and beyond impacting financial reporting and related governance should be top of mind for boards of directors and their committees as they perform their oversight, according to a recent publication of the National Association of Corporate Directors and Contributing Partners: “2020 Governance Outlook, Projections on Emerging Board Matters.”
In the section on “Governing Through Regulatory Change: A Focus on Financial Reporting, Accounting, Auditing, and Related Governance Matters,” boards are encouraged to remain vigilant to ensure management has policies and practices in place to keep directors informed of regulatory developments on a timely basis and to assess and report on the impact of regulatory changes.
