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: August 8, 2023
6 Reviews (21 ratings)


Anonymous Author
Reasonable content, Instructor seems to mix-up responsibility of management with the auditor. Makes large assumptions about risk appetite of auditors to perform certain procedures. Instructor is painful to listen to.

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.

Anonymous Author
It is fullfilled informatiob for ESG audit or compliance. Contents are rellay recent things and usefule.

Anonymous Author
Great course which presents multiple accounting concepts and practices related to ESG and finance.

Anonymous Author
Good overall course in exposing how accounting standards and ESG matters can overlap.

Anonymous Author
Reasonably good and well-organized content for the topic under review - ESG.

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 Syllabus
  Learning Objectives0:34
  Introduction to Environment, Social and Governance (ESG)12:40
  Importance of ESG11:47
  SEC Focus on ESG Related Matters10:27
  Management Responsibilities9:41
  Accounting Uncertainty5:14
  Specific Asset Considerations18:16
  Going Concern Considerations8:34
  Auditors Responsibilities15:18
  By Product Communications6:02
  Other Attest Engagements5:50
  The Impact of Environmental, Social, and Governance (ESG)1:44:23
  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