Value = Information

Is how you account for the value of your corporate assets “information”?

“SEC Probes Exxon Over Accounting For Climate Change,” The Wall Street Journal, September 21, 2016 A1.  While the primary focus may be projected costs of climate change regulations, another front is why Exxon hasn’t adjusted its reserve valuation to reflect the drop in the value of oil and gas.

Other oil majors have reduced the values of their reserves, which has been tricky over the years.

Would information governance people get involved in this discussion?  How about the compliance folks?  Who’s responsible for pointing out the potential compliance issue?  Does the CFO walk the plank?

 

 

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Filed under Accuracy, Board, Communications, Compliance, Compliance, Definition, Directors, Duty, Employees, Governance, Inform market, Inform shareholders, Information, Investor relations, Oversight

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