Investors are increasingly relying on nonfinancial performance information, including disclosures by companies about their environmental, social and governance practices, to make their investing decisions, according to a new survey by Ernst Young. EY’s Climate Change and Sustainability Services practice polled more than 320 institutional investors, including portfolio managers, equity analysts, chief investment officers and managing […]

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Internal audit departments are increasingly relying on data analytics technology and hiring more people who have sophisticated data analysis skills, according to a new survey. The survey, by the consulting firm Protiviti, polled more than 900 internal audit professionals and found that 73 percent of those whose organizations perform analytics said demand for data analytics […]

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Class-action securities lawsuit filings alleging accounting wrongdoing rose 33 percent to 93 last year, the highest level since 2008 and the fourth consecutive annual increase, according to a new report, while settlement values for accounting-related cases reached their highest level of the past nine years. The annual report, from Cornerstone Research, found an unprecedented number […]

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Rep. Lloyd Doggett, D-Texas, and Sen. Sheldon Whitehouse, D-R.I., have introduced legislation to discourage the use of corporate tax havens. The Stop Tax Haven Abuse Act, backed by more than 50 other lawmakers, and the Corporate EXIT Fairness Act would close offshore tax breaks that encourage companies to shift jobs and profits to foreign countries. […]

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