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Financial impact of climate-related events

Industry Knowledge Brief The IIA Sep 30, 2020

Explores using FASAB standards for auditing and reporting on climate-related events.

PSAC - Financial Impact of Climate Related Events_cover.pngAccording to a wide global scientific consensus, the Earth’s climate is currently changing faster than at any point in the history of modern civilization, with much of the change the direct result of human activities. This knowledge brief highlights the current FASAB standards that can be utilized to ensure the damages from climate-related events are properly accounted for, reported on, and, in turn, audited.

The IIA

The Institute of Internal Auditors