AICPA, CAQ support SECâs exploration of climate change disclosures
By Ken Tysiac
The SEC in March
asked for comments on its disclosure rules and guidance related to climate change disclosures as momentum on this topic has grown. The IFRS Foundation plans to announce a decision in the fall on whether to create an
merger of the Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC) has increased the focus on the importance of harmonizing standards and frameworks in this area.
According to the AICPA letter to the SEC, itâs critical for investors to have relevant disclosures about the drivers of value, and market participants need to work toward a comprehensive global reporting solution that includes ESG disclosures and shows how an enterprise uses its resources to create value over the long term.