Climate change and financial statements

Auditors increasingly will need to look at how weather pitfalls these kinds of as weather conditions events, and the challenges of transitioning to net-zero, may well have an affect on financial statements. Lesley Meall shares some critical feelings and tips from auditors, regulators, common-setters and ICAEW.
We have all completed our little bit to lead to climate modify, and we need to all do our little bit to curtail it. Fortunately, quite a few accountants are able to make a variance both individually and professionally. “As reliable advisers to all types of firms, we are perfectly placed to travel the sustainability agenda and turn the ambition of a reduced-carbon entire world into a truth,” states ICAEW’s CEO Michael Izza.
ICAEW has been actively pursuing this ambition for some a long time by having a guide on its journey to carbon neutrality collaborating on initiatives these as the Professional Bodies Climate Motion Constitution and providing users with a expert ‘Climate Hub’ of sources, facts and inspiration.
