Reuters (May 11)
“Many net zero targets have three shortcomings: incomplete disclosure, confusing terminology, and problems with offsets. Companies serious about net zero targets should include not just so-called Scope 1 and 2 emissions, produced when they make their products, but also Scope 3, created when customers use those products.”
Tags: Confusing, Disclosure, Emissions, Incomplete, Net zero, Offsets, Shortcomings, Targets, Terminology
Bloomberg (March 1, 2012)Bloomberg (March 1, 2012)
Auditors have been at the heart of many recent accounting scandals. The U.S. Public Company Accounting Oversight Board (PCAOB) recently inspected Kyoto Audit Corp., finding numerous insufficiencies, including the failure to adequate examine revenue, the allowance for doubtful accounts and inventory valuation. The PCAOB’s report states the firm “had not obtained sufficient competent evidential matter to support its opinion on the issuer’s financial statements.” Kyoto Audit’s clients include Kyocera and Nidec, both of which have U.S.-registered securities.
Auditors have been at the heart of many recent accounting scandals. The U.S. Public Company Accounting Oversight Board (PCAOB) recently inspected Kyoto Audit Corp., finding numerous insufficiencies, including the failure to adequate examine revenue, the allowance for doubtful accounts and inventory valuation. The PCAOB’s report states the firm “had not obtained sufficient competent evidential matter to support its opinion on the issuer’s financial statements.” Kyoto Audit’s clients include Kyocera and Nidec, both of which have U.S.-registered securities.
Tags: Auditors, Kyocera, Kyoto Audit, Nicdec, PCAOB, Shortcomings, U.S.
