Environmental, social, and governance (ESG) has become an area of increasing focus. ESG reporting includes a broad spectrum of quantitative and qualitative information. Interested parties seek to understand the effects of relevant ESG matters on an entity’s business strategy, cash flows, financial position, and financial performance. This course focuses on the impact of ESG-related matters on the fair preparation of financial statements and related disclosures, and the related financial statement audit considerations.

Major Topics:

  • Evolving guidance from the AICPA and other stand-setters related to environmental, social, and governance matters
  • Risks of material misstatement in financial statements and related disclosures emerging from environmental, social, and governance matters

 

Learning Objectives
  • Explore and explain the increasing importance of environmental, social, and governance matters to financial statements and annual reports.
  • Discover and describe audit risks and considerations in a financial statement audit related to these matters.
  • Identify the impact of ESG-related matters on the fair preparation of financial statements and related disclosures.
Last updated/reviewed: March 14, 2024
6 Reviews (23 ratings)

Reviews

5
Anonymous Author
Recall the increasing importance of environmental, social, and governance matters to financial statements and annual reports • List audit risks and considerations in a financial statement audit related to these matters
4
Anonymous Author
Good information in today's business environment but not always easy to follow the instructor. The slides provide the information needed to complete the course so it wasn't always necessary to follow her.
5
Anonymous Author
It is fullfilled informatiob for ESG audit or compliance. Contents are rellay recent things and usefule.
5
Anonymous Author
Great course which presents multiple accounting concepts and practices related to ESG and finance.
4
Anonymous Author
Good overall course in exposing how accounting standards and ESG matters can overlap.
4
Anonymous Author
Reasonably good and well-organized content for the topic under review - ESG.
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.
Intended For: Anyone who prepares financial statements or provides attest services on financial statements.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Learning Objectives0:32
  Introduction to Environment, Social and Governance (ESG)23:58
  International Standards10:24
  SEC Focus on ESG Related Matters12:46
  Related Disclosures19:00
  Internal Control Considerations2:24
  Management and Governance Responsibilities7:42
  Accounting Uncertainty5:04
  Specific Asset Considerations8:40
  Going Concern Considerations7:10
  By Product Communications5:20
CONTINUOUS PLAY
  The Impact of Environmental, Social, and Governance (ESG)1:43:00
SUPPORTING MATERIAL
  Slides: The Impact of ESG Related Matters on Financial Statements and AuditsPDF
  The Impact of ESG Related Matters on Financial Statements and Audits Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam