AICPA Publishes Sustainability Information Attestation Guide
Providing accountants guidance on assurance regarding sustainability reporting, the American Institute of Certified Public Accountants (“AICPA”) has published Attestation Engagements on Sustainability Information — Including Greenhouse Gas Emissions Information. Susan Coffey, the organization’s executive vice president for public practice, said the attestation guide will cover areas aside from reporting on greenhouse gases and encourage consistency in assurance throughout sustainability engagement. The guide offers illustrative examination and review procedures to help accountants differentiate between the procedures. In addition, it features illustrative representation letters and accountants’ reports. The new guidance also addresses certain matters outside of the clarified attestation standards and offers. Read More.
Sustainability Reporting Increasing Among S&P 500 Companies
According to a June report by the Governance & Accountability Institute (“the Institute”), sustainability reporting among companies in the Standard & Poor’s 500 (“S&P 500”) is growing at a staggering rate. Through the Institute’s research, it was discovered that 72 percent of S&P 500 companies submitted reports last year covering environmental, social and governance (ESG) matters. The number marks a 19-percent increase (53 percent) from 2012. By these numbers, the Institute’s research concluded that corporate sustainability disclosure is a major concern for companies, especially in the eyes of investors and stakeholders. The report’s findings also noticed a strong link between. Read More.