Audit Watchdog Seeks Action Over Climate Change Reports

Law360, London (November 11, 2020, 12:45 PM GMT) -- Britain's audit regulator has urged businesses to improve corporate reporting standards on climate change after it found that the level of support given to auditors by their firms on climate-related matters varies and that many companies are unclear from their reports about how they will meet green goals.

The Financial Reporting Council wants disclosure on climate change to improve to help meet the expectations of investors. But it found in a study on climate change published on Tuesday that audit companies and auditors must do more when they carry out their work. The review examined business, auditors, professional bodies and investors.

The FRC also...

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