The IASB has argued companies are already required to reflect the impact of climate change on a company's operations through the application of existing accounting standards. St and S2 effectively codifies a number of existing reporting practices. REQUIRED: 1. Identify at least two (2) accounting standards /requirements issued by the LASB/AASB that capture requirements to reflect the impact of climate change on a company's activities. (4 Marks) 2. Using the company studied in the assignment, identity how the current reporting practices of the company comply with the requirements of IFRS S1/S2. (6 Marks)

Answer rating: 100% (QA)

1 Two accounting standardsrequirements issued by the IASB International Accounting Standards Board that capture requirements to reflect the impact of climate change on a companys activities are a IAS ... View the full answer