ESG Is the Next ‘Hot Thing’ In Accounting, Say MIT Researchers
For years we’ve been hearing how blockchain and AI will transform accounting, and this recent article from MIT Sloan School of Management (aka MIT Sloan) about the five forces remaking accounting gives them both the obligatory nod. But we’re not here to talk about blockchain. We’re here to talk about ESG. After a brief introductory […]
Not the Onion: Deloitte Is Using Spoken Word Poetry to Teach Its Employees About Climate Change
Not sure if you heard but the giant rock we all call home is in trouble. Glaciers are melting, sea levels are rising, and I don’t have to tell you that the weather has been absolutely terrifying the last few years. The good news is it’s looking more and more like the Earth will give […]
Exxon Mobil May Have Escaped an SEC Penalty Over Climate-Change Accounting But Not a Class-Action Lawsuit
Earlier this month, we reported that the Securities and Exchange Commission ended its two-year accounting probe into how Exxon Mobil Corp. calculates the value of its assets and whether the oil and gas company failed to alert investors about potential climate-change risks. The SEC decided to take no enforcement action against Exxon Mobil, but investors […]
SEC Calls Off the Dogs on Exxon Mobil
Exxon Mobil Corp. is out of the Securities and Exchange Commission’s doghouse for now, as the regulator ended its two-year accounting investigation into how the company calculates the value of its assets, as well as possible oily investor disclosures about climate change. According to a Bloomberg News report, Exxon Mobil received a letter from the […]
Report: There’s Nothing Extraordinary About Sandy
Companies are unlikely to be allowed to classify damage from Hurricane Sandy as “extraordinary” for financial reporting purposes, but may consider including additional disclosures on how their businesses were impacted, according to a report from PricewaterhouseCoopers. “Neither the September 11, 2001 terrorist attacks nor Hurricane Katrina in 2005 were considered to be extraordinary from an accounting […]