Climate change and financial statements

Auditors progressively will need to look at how local climate pitfalls this sort of as climate activities, and the difficulties of transitioning to internet-zero, may well have an effect on financial statements. Lesley Meall shares some essential ideas and recommendations from auditors, regulators, conventional-setters and ICAEW.&#13

We have all performed our bit to contribute to local weather modify, and we must all do our bit to curtail it. Fortunately, quite a few accountants are able to make a change each individually and skillfully. “As trustworthy advisers to all styles of firms, we are perfectly positioned to push the sustainability agenda and transform the ambition of a reduced-carbon world into a actuality,” states ICAEW’s CEO Michael Izza.

ICAEW has been actively pursuing this ambition for some a long time by using a direct on its journey to carbon neutrality collaborating on initiatives these types of as the Expert Bodies Climate Action Charter and delivering associates with a specialist ‘Climate Hub’ of means, data and inspiration.