IOSCO urges ‘fair, transparent and timely’ disclosure from issuers’ on impact of economic uncertainty

Article summary

The International Organization of Securities Commissions (IOSCO) has issued a statement emphasising the importance of fair, transparent and timely disclosure from issuers’ about the impact of economic uncertainty. The statement sets out considerations for issuers, for auditors, and for audit committees, encouraging them to be ‘particularly vigilant in times of economic uncertainty in their consideration of how risks and uncertainties that could affect or have affected an issuer’s operations, financial condition, cash flows and prospects can be transparently communicated to investors’.