Regulators are urged to create standard for climate-change reporting

10/6/2009 | WebCPA

Regulators should seek to create a single, international standard for climate-change reporting, according to a report released Monday by the Association of Chartered Certified Accountants. Environmental regulators should work with international accounting-standard setters to create the standard, the report said. The accountant has a valuable role in climate-change strategy, the report added, such as helping in "evaluating the returns on low-carbon investment proposals, advising employers and clients on emissions-trading regimes, developing organization-relevant carbon and [greenhouse-gas key performance indicators], and providing disclosure of information through annual reports and accounts." An AICPA business brief on companies going green is available here.

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