As the Securities and Exchange Commission weighs new rules for companies to reveal climate risks, U.S. accounting rulemakers are exploring if they need to take action, too.
The Financial Accounting Standards Board in a wide-ranging request for public input on its long-term agenda asks what, if any, updates it should make to accounting standards so companies can convey environmental issues in their financial statements.
“Is there something we need to do?” FASB Chairman Richard Jones said Friday at a financial reporting conference at California State University at Fullerton. “There are, for example, new products coming out that index bonds to ...
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