Welcome to our dedicated page for Workiva news (Ticker: WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
Workiva Inc. provides an AI-powered platform used by accounting, finance, sustainability, risk and audit teams to connect data, unify reporting processes and produce audit-ready work. Company news commonly centers on quarterly and annual results, subscription and support revenue, professional services revenue, operating margin and revenue outlook tied to adoption of the Workiva platform.
Recurring product and business updates cover financial reporting, governance, risk and compliance, sustainability reporting, internal audit and controls, including AI-enabled workflow and data automation features for the Office of the CFO. Workiva also issues updates on investor conference participation and executive or finance-leadership changes.
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Workiva emphasizes the growing importance of integrated financial and sustainability reporting in its recent communication. As regulatory frameworks like the CSRD demand better reporting practices, companies must prepare to align their financial and sustainability data. Key steps for readiness include setting clear goals, applying double materiality principles, and assessing current reporting states. These steps are essential for organizations aiming to meet new guidelines and enhance their reporting processes.
Workiva Inc. (NYSE:WK) announced its intention to release financial results for Q1 2023 on May 2, 2023, after market closure. CEO Julie Iskow and CFO Jill Klindt will lead an investor conference call at 5:00 p.m. ET to discuss the results and respond to inquiries. Interested parties can participate by calling 888-330-2469 (U.S.) or 240-789-2740 (international), using conference ID 8736384. A replay will be available until May 9, 2023. Workiva is dedicated to enhancing transparent reporting through its leading SaaS platform, which integrates financial, ESG, and GRC data.
Workiva recently featured a discussion on the SEC's climate disclosure proposal in an episode of ESG Talk. The episode includes insights from David Kanarek, vice president and managing counsel at American Express, alongside Workiva's Mark Mellen and Steve Soter. The participants analyze potential components of the final ruling and discuss necessary preparations for finance and sustainability teams. This podcast aims to keep organizations informed about the evolving regulations affecting ESG compliance.
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A recent survey by PwC US and Workiva (NYSE: WK) reveals that 70% of business leaders are proactively preparing for upcoming SEC climate disclosure rules, regardless of finalization dates. While 68% of executives utilize technology for ESG reporting, 85% express concerns over inadequate tech for compliance. Notably, 95% prioritize ESG reporting, but 40% admit to being unprepared for proposed disclosures. Independent assurance is seen as crucial for meeting these requirements, with 96% of leaders planning to seek it regardless of SEC mandates. The survey involved 300 executives from firms with $500 million or more in revenue.
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