“This and other non-GAAP reporting is expanding, with virtually no generally accepted guidance and little assurance. The reports are not comparable, are prepared using multiple guiding frameworks, and are generally unaudited. The accounting profession must address the relevance of these reports and the reliability of this new information.”
[COMMENTARY]This article stresses the urgent need for the accounting profession to ‘fix’ the situation regarding the reporting mess that ESG, sustainability reporting, etc., is in. It provides good insight into the real state of such matters.
The Relevance and Reliability of ESG Reporting, by Craig Foltin and Mark Holtzblatt, October 2022, The CPA Journal, USA.