Climate change and financial statements

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Auditors more and more require to take into consideration how local climate threats these types of as climate events, and the difficulties of transitioning to net-zero, may well have an effects on monetary statements. Lesley Meall shares some essential ideas and strategies from auditors, regulators, common-setters and ICAEW.&#13

We have all accomplished our little bit to lead to climate transform, and we will have to all do our little bit to curtail it. Thankfully, many accountants are ready to make a variation the two personally and skillfully. “As dependable advisers to all kinds of companies, we are perfectly positioned to generate the sustainability agenda and convert the ambition of a small-carbon world into a truth,” states ICAEW’s CEO Michael Izza.

ICAEW has been actively pursuing this ambition for some a long time by using a lead on its journey to carbon neutrality collaborating on initiatives these kinds of as the Qualified Bodies Local weather Action Charter and furnishing associates with a specialist ‘Climate Hub’ of assets, information and inspiration.