Year: 2010
Type: article
Abstract: As financial globalization proceeds, international financial reporting and auditing standards are increasinglybecoming important instruments of integration. This has been observed in both the London and Pittsburgsummits of the G20 leaders in 2009. The G20 leaders reinforced the influence of International FinancialReporting Standards (IFRS) in that they called for the implementation of global accounting standards by 2011.By the end of 2008, there were over 100 countries that had adopted IFRS. Another parallel summit was theUnited Nations special summit on the environment which was held on 22 September 2009. The United Nations’summit underscored the link between environment and finance. This research paper makes a critical appraisal ofthe contemporary environmental accounting literature and examines the applicable and relevant paragraphs ofthe global financial reporting standards (IFRS). The relevant paragraphs for environmental accounting have beenanalyzed in relation to the environmental financial reporting.
Authors: CA Mohammad Firoz, A. Aziz Ansari
Institution: Cambridge University Press
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Climate action
Open Access status: hybrid
OpenAlex ID: W2137238318