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A Standard Approach

Online Exclusives Neil Hodge Jul 06, 2021

With internal audit’s help, companies can realize the benefits of adopting nonfinancial disclosure standards, says the SASB’s Jeffrey Hales.

The days of believing that a company's profit and loss account is the ultimate indicator of future performance are over. Investors, regulators, and other stakeholders are acutely aware that there is much more information that a company can disclose outside of the usual financial reporting. This nonfinancial data can provide a better understanding of the business' long-term risks as well as how those risks are managed.

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Neil Hodge