Environmental, social, and governance (ESG) has become an area of increasing focus. ESG reporting includes a broad spectrum of quantitative and qualitative information. Interested parties seek to understand the effects of relevant ESG matters on an entity’s business strategy, cash flows, financial position, and financial performance. This course focuses on the impact of ESG-related matters on the fair preparation of financial statements and related disclosures, and the related financial statement audit considerations.
Major Topics:
- Evolving guidance from the AICPA and other stand-setters related to environmental, social, and governance matters
- Risks of material misstatement in financial statements and related disclosures emerging from environmental, social, and governance matters
Prerequisites
No advanced preparation or prerequisites are required for this course.
Intended For: Anyone who prepares financial statements or provides attest services on financial statements.
Learning Objective
- Explore and explain the increasing importance of environmental, social, and governance matters to financial statements and annual reports.
- Discover and describe audit risks and considerations in a financial statement audit related to these matters.
- Identify the impact of ESG-related matters on the fair preparation of financial statements and related disclosures.
Last updated/reviewed: March 14, 2024
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INTRODUCTION AND OVERVIEW
- Learning Objectives 0:32
- Introduction to Environment, Social and Governance (ESG) 23:58
- International Standards 10:24
- SEC Focus on ESG Related Matters 12:46
- Related Disclosures 19:00
- Internal Control Considerations 2:24
- Management and Governance Responsibilities 7:42
- Accounting Uncertainty 5:04
- Specific Asset Considerations 8:40
- Going Concern Considerations 7:10
- By Product Communications 5:20
CONTINUOUS PLAY
SUPPORTING MATERIAL
- Slides: The Impact of ESG Related Matters on Financial Statements and Audits PDF
- The Impact of ESG Related Matters on Financial Statements and Audits Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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