Key takeaways
Host: Laura McCracken, partner, Deloitte & Touche LLP
Presenters: Wim Bartels, partner, Deloitte Risk Advisory BV
Cynthia Cummis, specialist leader, Deloitte & Touche LLP
Kristen Sullivan, partner, Deloitte & Touche LLP
1.0 Overview CPE credit | Specialized Knowledge
In November 2022, the European Council and the European Parliament approved the final text of the Corporate Sustainability Reporting Directive (CSRD), which will affect U.S.-based companies with E.U. operations and are much broader than the Securities and Exchange Commission’s proposed rule on climate. We’ll discuss:
- The scope of the CSRD and impact to U.S.-based companies, including disclosure requirements and timing of such disclosure
- Other international developments, including the latest on the International Sustainability Standards Board (ISSB) exposure drafts
- Considerations for multinational companies navigating multiple new disclosure requirements and how you can start preparing now
Meet the speakers
Laura McCracken
Laura is an Audit & Assurance partner and the deputy leader of Quality, Risk & Regulatory for Deloitte & Touche LLP’s Audit & Assurance business. In this role, she interfaces with regulators, investors, and other stakeholders in addressing audit quality matters related to accounting, auditing, regulatory and public policy. Laura also serves as an audit partner for large, multinational clients in the financial services and commercial industries where she leads large global audit teams and interacts extensively with Audit Committees and senior leadership. Previously, Laura was a consultation partner for Deloitte & Touche LLP’s National Office Accounting & Reporting Services. Additionally, Laura spent two years as a Professional Accounting Fellow with the SEC in the Office of the Chief Accountant, where she consulted with registrants and the Division of Corporation Finance on accounting and reporting matters. Laura routinely works with clients on complex accounting, reporting, and auditing matters. Laura is a frequent speaker on current and emerging audit, assurance, accounting, and financial reporting topics.
Kristen Sullivan
Kristen B. Sullivan is an Audit & Assurance partner with Deloitte & Touche LLP and leads Sustainability and ESG Services. She also serves as the Deloitte Touche Tohmatsu Limited’s Global Audit & Assurance Sustainability and Climate Services Leader and the Integrated Reporting Community of Practice Leader. Kristen brings extensive experience in delivering sustainability risk assessment, governance, strategy alignment, measurement, reporting, and assurance services. Given the growing market emphasis on the importance of ESG standards and frameworks, Kristen serves as a member of the Global Reporting Initiative (GRI) Community, she chairs the AICPA Sustainability Advisory and Assurance Task Force and the International Sustainability Standards Board (ISSB)/AICPA Task Force. She previously served on the International Integrated Reporting Council (IIRC) Working Group. Kristen has authored a number of publications around the importance of sustainability and ESG disclosure and assurance. She was named a 2024 Women in Sustainability Leadership Award winner, #23 on the 2023 Onalytica top 50 ESG influencers list, recognized as an ESG, Diversity, and Climate Trailblazer as part of Diligent’s 2023 Modern Governance 100 nominees, and #10 on the 2020 Top 100 Corporate Social Responsibility Influence Leaders list. Kristen has more than 25 years of experience with Deloitte, beginning her career in Deloitte’s Audit and Advisory Services, working in Deloitte’s National Office in several capacities, and working with the deputy CEO of Deloitte LLP focused on regulatory and public policy matters. Kristen is a CPA (CT, MO) and CGMA and earned SASB’s Fundamentals of Sustainability Accounting (FSA) Credential. Kristen completed the Berkeley Law Executive Education Certification: ESG: Navigating the Board’s Role and the Diligent Institute Climate Leadership Certification. Kristen is a member of the Financial Women’s Association and lives in Greenwich, CT, with her five-year-old daughter.
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