IAASA, Ireland’s accounting enforcer, has today published a paper setting out information requests that it has raised with companies on their climate-related disclosures in their annual financial reports.
The primary purpose of this paper is to provide preparers, auditors and users of financial statements with information to encourage discussion as to whether issuers adequately consider the appropriateness and completeness of climate-related disclosures provided in financial reports.
Given that climate-related matters are of interest to a broad range of stakeholders, IAASA has examined and will continue to examine companies’ financial statements to ensure that there is consistent treatment of climate-related information between the financial statements and information published elsewhere by the issuer (e.g., in the management report, in market announcements and in separate sustainability reports).
This paper lists climate-related information requests that IAASA has made to companies in its 2022 cycle of financial statement examinations. Consideration by companies as to how they might respond to such questioning may assist them in providing high quality information to users of their financial reports.
The paper is available here.