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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorLearning and EventsBreadcrumb SeparatoreLearningBreadcrumb SeparatorRapid Response Webcast: The New International Sustainability Standards Board

​Rapid Response Webcast: The New International Sustainability Standards Board (ISSB): The Future of Climate Change Reporting and ESG Disclosures – A Panel Discussion

November 29, 2021
12:00 – 1:30 p.m. ET

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The Institute of Internal Auditors (IIA) announced on November 3, 2021, that it welcomes the creation of the International Sustainability Standards Board (ISSB) by the International Financial Reporting Standards (IFRS) Foundation. The new ISSB will sit alongside the International Accounting Standards Board (IASB) as an independent board charged with the development of a unified, global standard for climate change and broader environmental, social and governance (ESG) disclosures. Global standards — financial and nonfinancial — enable better comparability for investors and allow organizations to make better business and investment decisions that consider ESG impacts. As a member of the Value Reporting Foundation (VRF) through the International Integrated Reporting Council (IIRC), The IIA is very excited by the COP26 announcement to merge the VRF (created through the merger of the Sustainability Accounting Standards Board (SASB) and the IIRC) and the Climate Disclosure Standards Board (CDSB) into the IFRS Foundation. The ISSB will help expedite a comprehensive global baseline of high-quality sustainability disclosure standards to meet investors’ information needs regarding climate change and ESG disclosures.

The internal audit function plays a critical role in providing assurance around corporate disclosures, including those related to climate change and ESG. Internal audit delivers value by building trust and confidence around this information so that it is decision-useful to investors and other stakeholders. Internal audit’s inherent understanding of risks and effective internal controls to monitor, manage, and mitigate climate and ESG risks enables that necessary trust for the capital markets and to protect the public interest. As such, internal auditors and audit committee members, both inside and outside of the financial services industry, need to develop a basic awareness of how these changes will impact their reporting requirements.

During this session, our panelists will offer their perspectives on what these changes mean in general and how these changes are likely to impact CFOs and FA teams as well as internal auditors, CAEs, and audit committees.

Learning Objectives

  • Explain why the VRF and CDSB are merging into the ISSB.
  • Discuss the types of standards to be enacted by the ISSB.
  • Describe actions that financial services teams, internal auditors, and audit committee members should take in real-time to prepare for the new climate change and ESG reporting standards.

Course Duration: 1.5 hours
CPEs Available: 1.5
Knowledge Level: Basic
Field of Study: Specialized Knowledge
Prerequisites: None
Advance Preparation: None
Delivery Method: Group Internet Based

Pricing

  • Free to IIA Members
  • Non-Members: $69
  • Groups of 4 or more: $59

Groups of four or more, please contact IIA Customer Relations at +407-937-1111 from 8:30 a.m.–5:00 p.m. ET or email CustomerRelations@theiia.org.

Speakers

Anthony J. PuglieseAnthony J. Pugliese, CIA, CPA, CGMA, CITP
President and CEO, The Institute of Internal Auditors

Anthony J. Pugliese is President and CEO of The Institute of Internal Auditors (IIA), the internal audit profession’s most widely recognized advocate, educator, and provider of standards, guidance, and certifications. Over a career spanning more than 30 years, Pugliese has been a strategic, hands-on leader, directed strategic expansions into major global markets, pioneered innovative educational initiatives aimed at enhancing members’ professional growth, overseen the internal audit function of a major organization, and defined cultural norms toward greater diversity, equity, and inclusiveness (DE&I). As CEO of The IIA, he drives the vision and management of a nearly 80- year-old organization with more than 200,000 members, 156 chapters, and 112 affiliates in nearly 200 countries and territories. His focus is on enhancing membership services, creating new approaches to learning and competency development programs, fulfilling The IIA’s multimillion-dollar digital transformation initiative, and enhancing the value of internal audit, particularly in its role of addressing organizational risks and opportunities.

A seasoned executive and skilled association strategist with a passion for innovation and technological advancement, Pugliese most recently was President and CEO of the California Society of CPAs, the largest state CPA organization in the United States, with more than 45,000 members. From 1997 through 2018, he served in key leadership positions at what is now the Association of International Certified Professional Accountants, the world’s largest accounting professional organization. His roles included Executive Vice President of Membership, Technology, and Learning; Chief Operating Officer and Senior Vice President of the American Institute of Certified Public Accountants, where he oversaw the AICPA’s $50 million relocation to North Carolina; and Vice President of Business Reporting and Member Innovation. Pugliese advocates a culture that promotes innovation, collaboration, empowerment, diversity, and achievement. In 2020, he led development of a Diversity, Equity, and Inclusion Committee at CalCPA to identify and address racial and other inequities in the accounting profession. That effort led to development of a groundbreaking study, in collaboration with the Institute of Management Accountants (IMA), to examine race and ethnicity, gender, and LGBTQIA (lesbian, gay, bisexual, transgender, queer, intersex, and asexual) orientation in the U.S. accounting profession.

Pugliese is long active in the community, from mentoring students to leading business partnerships, such as chambers of commerce. A graduate of the University of North Florida (Jacksonville), Pugliese has been repeatedly recognized as one of the most influential people in accounting, appearing most recently on the cover of Accounting Today. He holds The IIA’s Certified Internal Auditor (CIA) credential, AICPA’s Chartered Global Management Accountant (CGMA) and Certified Information Technology Professional (CITP) credentials, and is licensed as a CPA in Florida, California, Georgia, and North Carolina.

Janine GuillotJanine Guillot
CEO, Value Reporting Foundation

Janine Guillot is Chief Executive Officer of the Value Reporting Foundation. As CEO, her priorities are to increase use of Integrated Thinking Principles, the Integrated Reporting Framework, and the SASB Standards by companies and investors around the world and to advance progress towards a globally accepted comprehensive corporate reporting system. Guillot was CEO of SASB before becoming CEO of the Value Reporting Foundation.

Prior to joining SASB, Guillot served as Chief Operating Investment Officer for the California Public Employees’ Retirement System (CalPERS). She has held senior leadership positions at Barclays Global Investors and Bank of America. At Barclays Global Investors, she served as Chief Operating Officer for BGI’s European and Global Fixed Income businesses. At Bank of America, she served in Chief Financial Officer and Chief Administrative Officer roles for retail and commercial business units. A graduate of Southern Methodist University (SMU), she began her career as a technical accountant and auditor with Ernst & Young. In recognition of her leadership at the intersection of sustainability, accounting, and finance, Guillot was selected as a 2020 NACD Directorship 100 Honoree and named to the 2020 Business Insider’s 100 People Transforming Business list.

Mardi McBrienMardi McBrien
Managing Director, Climate Disclosure Standards Board

Mardi McBrien is the Managing Director at the Climate Disclosure Standards Board (CDSB). For more than a decade, she has played a leading role in driving the integration of climate and environmental information into corporate reporting with the same rigour as financial information, globally. Prior to CDSB, McBrien has enjoyed an eclectic career that has seen her leading flagship environmental campaigns for WWF, working on the United Kingdom’s carbon market policy for their Department for Energy and Climate Change, and providing public-private partnership management for the UK timber supply chain, amongst other challenging roles. McBrien is a member of the UK Financial Reporting Council Advisory Panel and a fellow of the RSA, and she has participated in a number of industry-related advisory boards and committees as part of her role at CDSB, including the IFRS Foundation Technical Readiness Working Group for the new International Sustainability Standards Board, GRI Stakeholder Council, Corporate Reporting Dialogue, Australian Sustainable Finance Initiative (ASFI), and the IIRC Council. Originally qualifying as a forester and environmental scientist (Melbourne University) and agricultural economist (SOAS), she volunteered as a trustee of one of the oldest environmental NGOs in the world, the International Tree Foundation, and as a founding Board member of Women Organising for Change in Agriculture and Natural Resource Management (WOCAN).

Brad MonterioBrad Monterio
Executive Vice President of Member Competency and Learning, The Institute of Internal Auditors

Brad Monterio leads portfolio strategy, competency frameworks and assessment tools, product content and development, distribution and delivery, learning technologies, and sales of all professional learning products and services. His responsibilities also include the learning system for The IIA’s premier global certification, Certified Internal Auditor (CIA), as well as sponsorships and advertising sales for the organization. Prior to joining The IIA, Monterio was most recently Chief Learning Officer and Vice President of Member Competency and Learning for the California Society of CPAs, the largest state CPA society in the U.S., with approximately 45,000 members. Prior to CalCPA, he was also a co-owner of Colcomgroup, a strategic consulting firm serving associations, standard setters, technology vendors, corporations, and accounting, auditing, and legal firms for more than 23 years. Monterio is also an experienced board member, currently serving on the board of directors for the Institute of Management Accountants (IMA) serving 150,000 management accountants globally, and a recent director of the Casualty Actuarial Society (CAS). He is a current Council member of the International Integrated Reporting Council (IIRC), now merged with the Sustainability Accounting Standards Board (SASB) as part of the Value Reporting Foundation, and has spent the last decade working in the sustainability, ESG, and integrated reporting sectors to advance standards and reporting in these areas. Monterio is a specialist in XBRL, a global standard for digitizing financial and non-financial information for corporate disclosure to regulators, investors, and the general market. He is also a former investment, commercial, and private banker on Wall Street and a graduate of Dartmouth College.