Climate change and financial statements

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Auditors significantly require to think about how local weather risks such as weather situations, and the troubles of transitioning to internet-zero, may perhaps have an effects on monetary statements. Lesley Meall shares some essential thoughts and guidelines from auditors, regulators, normal-setters and ICAEW.&#13

We have all finished our little bit to lead to local weather improve, and we must all do our little bit to curtail it. The good news is, many accountants are equipped to make a difference both of those personally and professionally. “As reliable advisers to all types of firms, we are very well put to drive the sustainability agenda and turn the ambition of a reduced-carbon globe into a reality,” says ICAEW’s CEO Michael Izza.

ICAEW has been actively pursuing this ambition for some many years by getting a guide on its journey to carbon neutrality collaborating on initiatives these types of as the Specialist Bodies Weather Motion Charter and providing associates with a specialist ‘Climate Hub’ of resources, information and facts and inspiration.