The Impact Of Climate Change Disclosure Performance
Added on 2022-08-24
10 Pages2288 Words14 Views
|
|
|
Running head: THE IMPACT OF CLIMATE CHANGE DISCLOSURE PERFORMANCE
The Impact of Climate Change Disclosure Performance
Name of the Student
Name of the University
Author Note
The Impact of Climate Change Disclosure Performance
Name of the Student
Name of the University
Author Note
![The Impact Of Climate Change Disclosure Performance_1](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fdd%2F5c251926b3064d14b77d16cfb45eab7d.jpg&w=3840&q=10)
THE IMPACT OF CLIMATE CHANGE DISCLOSURE PERFORMANCE1
Table of Contents
Background and Motivation.......................................................................................................2
Literature Review.......................................................................................................................3
Audit Specialist......................................................................................................................3
Climate Change and Tax Avoidance......................................................................................3
An Overview of M&As and CSR......................................................................................3
Hypothesis and Development............................................................................................4
Modernization Effect.............................................................................................................4
Institutional Ownership......................................................................................................4
Managerial Activity...........................................................................................................4
Methodology..............................................................................................................................5
Dependent Variables..............................................................................................................5
Audit Specialist..................................................................................................................5
Audit Fees..........................................................................................................................5
Tax Avoidance...................................................................................................................5
M&As.................................................................................................................................5
Modernization Variables........................................................................................................5
Institutional Ownership......................................................................................................5
Managerial Ability.............................................................................................................5
Control Variables...................................................................................................................5
References..................................................................................................................................7
Table of Contents
Background and Motivation.......................................................................................................2
Literature Review.......................................................................................................................3
Audit Specialist......................................................................................................................3
Climate Change and Tax Avoidance......................................................................................3
An Overview of M&As and CSR......................................................................................3
Hypothesis and Development............................................................................................4
Modernization Effect.............................................................................................................4
Institutional Ownership......................................................................................................4
Managerial Activity...........................................................................................................4
Methodology..............................................................................................................................5
Dependent Variables..............................................................................................................5
Audit Specialist..................................................................................................................5
Audit Fees..........................................................................................................................5
Tax Avoidance...................................................................................................................5
M&As.................................................................................................................................5
Modernization Variables........................................................................................................5
Institutional Ownership......................................................................................................5
Managerial Ability.............................................................................................................5
Control Variables...................................................................................................................5
References..................................................................................................................................7
![The Impact Of Climate Change Disclosure Performance_2](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fbk%2Fadb074b384104083b5cdc87efb371c97.jpg&w=3840&q=10)
THE IMPACT OF CLIMATE CHANGE DISCLOSURE PERFORMANCE2
The Impact of Climate Change Disclosure Performance on Audit Characteristics, Tax
Avoidance and M&A deals: Evidence from Australia
Background and Motivation
The investors have a concern towards the role of risks related to climate to their
decision making (Li et al 2019). According to them, the impact of the definition of
materiality and APS 2 is that the entities have to consider the climate-related risks also into
the context of their financial report. It is not just left with a matter of corporate social
responsibility.
The framework developed for reporting based on the climate-related risks and
opportunities is highly encouraged by the TCFD to the companies for its use (Jebe 2017). The
TCFD stresses more to use its framework to the companies, who are having material climate-
related risks.
The government of Australia encouraged the stakeholders to consider their
recommendations as to its framework more carefully. This may help the listed companies to
consider the criteria for and type of disclosing the material climate risks. The chosen sample
as the majority of the ASX 100 companies on 31 December 2017, has shown about the
considerable climate risk to the entity’s business (Andersson, Bolton and Samama 2016). The
list has shown that 17% of listed companies come within the climate risk as a material risk in
their OFRs that is Operating and Financial Reviews.
APS/PS2 represents one of the best interpretation of materiality of IASB to practice
(Zhou 2017). Addition to this, the Australian companies are already being a matter to law
uniform with respect to the lack of disclosures. If the companies are not disclosing or not
finding any of the material impacts, then the companies have to disclose their reasons for not
getting or disclosing material impact (Yunus, Elijido-Ten and Abhayawansa 2016). It is a fact
The Impact of Climate Change Disclosure Performance on Audit Characteristics, Tax
Avoidance and M&A deals: Evidence from Australia
Background and Motivation
The investors have a concern towards the role of risks related to climate to their
decision making (Li et al 2019). According to them, the impact of the definition of
materiality and APS 2 is that the entities have to consider the climate-related risks also into
the context of their financial report. It is not just left with a matter of corporate social
responsibility.
The framework developed for reporting based on the climate-related risks and
opportunities is highly encouraged by the TCFD to the companies for its use (Jebe 2017). The
TCFD stresses more to use its framework to the companies, who are having material climate-
related risks.
The government of Australia encouraged the stakeholders to consider their
recommendations as to its framework more carefully. This may help the listed companies to
consider the criteria for and type of disclosing the material climate risks. The chosen sample
as the majority of the ASX 100 companies on 31 December 2017, has shown about the
considerable climate risk to the entity’s business (Andersson, Bolton and Samama 2016). The
list has shown that 17% of listed companies come within the climate risk as a material risk in
their OFRs that is Operating and Financial Reviews.
APS/PS2 represents one of the best interpretation of materiality of IASB to practice
(Zhou 2017). Addition to this, the Australian companies are already being a matter to law
uniform with respect to the lack of disclosures. If the companies are not disclosing or not
finding any of the material impacts, then the companies have to disclose their reasons for not
getting or disclosing material impact (Yunus, Elijido-Ten and Abhayawansa 2016). It is a fact
![The Impact Of Climate Change Disclosure Performance_3](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fyn%2F64f5df812f13483987ebcc7b04f8827f.jpg&w=3840&q=10)
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Current Development in Accounting Thoughtlg...
|17
|2860
|321
Current Development in Accounting Thoughtlg...
|23
|4717
|65
Auditor’s Public Interest Responsibilities and Audit Quality Name of the University Author's Notelg...
|18
|4522
|437
Climate Risks and Disclosures in Financial Statementslg...
|18
|3167
|58
Current Development in Accounting Thoughtlg...
|13
|3645
|88
Auditor's Public Interest Responsibilities and Audit Quality: Lessons from Enron and Woolworthslg...
|17
|4450
|436