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According to Accounting Today, the SEC has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting.

Questions:

  1. How are accounting firms putting more emphasis on ESG issues?
  2. What initiatives are taking place in the area of standard setting?
  3. What has a recent study found about U.S. company progress in reporting non-financial information concerning ESG goals?
  4. What four U.S. companies rank in the bottom five of the study by the Global ESG Monitor?

Source:

Cohn, M. (2021) SEC creates task force to enforce ESG disclosures . Accounting Today, March 5 (Retrievable online at https://www.accountingtoday.com/news/sec-creates-task-force-to-enforce-esg-disclosures?)