The regulatory measures being considered around the world are vast and extensive – mainly as a response to the financial crisis. Some have already been finalised. Others, if enacted, will significantly change the reporting and regulatory environment in which companies operate going forward.
Despite the complexity of the various proposals, all stakeholders, including audit committee and other board members, are strongly encouraged to understand what is being proposed. And, as the next few months will be critical to the outcome of many of the current proposals, the input of stakeholders is vital to achieving an outcome that reflects the needs of all stakeholders.
This briefing summarises a wide range of regulatory actions being undertaken or considered globally. It also outlines PwC’s views, and, where appropriate, suggests possible actions that could be taken by stakeholders to influence the various debates.