Tax Reform, Sustainability Disclosures and Complying With Historic Accounting Changes Among Topics of BDO USA's 2017 Board Survey
Business Wire (Sept. 12) cites a new BDO USA survey in reporting that 78 percent of public company board members anticipate tax reform will be achieved during President Trump's current four-year term. However, just 22 percent of those polled believe it will occur this year. Directors, meanwhile, were split when asked about President Trump's recent decision to withdraw the United States from the Paris Climate Accord, with 54 percent opposing the decision. An identical proportion believe that disclosures of sustainability matters are important to inform investors -- a significant turnabout from a year earlier when just 24 percent took that position. "When asked about a planned change to the annual auditor's report that will require disclosure and discussion of critical audit matters (CAMs), only 36 percent of directors believe this will benefit investors and half are concerned it will make their job more difficult," concludes the wire service.
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