Effects of Climate Change Risk on Accounting, Finance, Auditing, and Corporate Governance
Special issue call for papers from International Journal of Climate Change Strategies and Management
Climate change has become a critical environmental narrative of the 21st century. The climate is no longer just the subject of meteorologists, but is also one of the critical risk factors for the business world. The use of nature as a raw material to meet the inexhaustible needs of the population, and the failure to manage this usage have triggered climate change. Nowadays, there are new stakeholders besides creditors, tax authorities, shareholders, customers, and suppliers that companies need to account for when considering the environment and future of their business.
In this special issue, we will focus on the effects of climate change on corporate governance; especially the regulations, application, reporting, and accountability in accounting, finance, and auditing. These three areas, which provide the foundation of financial statements and accountability for companies, have been under severe pressure for many years about the environment. Disasters caused by climate change are reflected in the financial statements. Floods, whirlwinds, freezing temperatures, tsunamis and ice rains, among other dissasters, have led to the loss of company assets, the cancellation of contracts and the loss of customers. These circumstances require the strategic decisions to be made by the management. However, managers and corporate understanding of climate change and related energy issues remains fragmented, incomplete, and lacking the urgency this problem deserves. The international climate change regime started very constructively, but although there has been progress over the last 25 years, this progress falls short of what is needed to address the climate change problem.
This special issue aims to highlight recent developments, problems, and solutions on Climate Change Risk (CCR) in corporate governance, accounting, finance, and auditing. Studies that are of most interest include, but are not limited to, the following:
- Determining and addressing physical risks, regulatory risks, market risks on CCR by publicly held companies,
- Rewriting corporate strategies against CCR,
- Training accounting, finance, and auditing staff on environmental issues, sustainability and CCR,
- Accounting and reporting for CCR,
- Valuating CCR,
- Budgeting precautions against CCR,
- External Auditor planning, auditing, documenting on CCR,
- Governing, measuring, reporting on corporate energy efficiency and carporate carbon footprint,
- Investment decision against CCR,
- Application of IFRS 7: Financial Instruments: Information, IFRS 9: Financial Instruments,
- IAS 37 Provisions, Contingent Liabilities, and Contingent Assets and IAS 36 IAS 36 Impairment of Assets for CCR,
- What is the role of the external auditor and auditing committee against CCR?
- How does external auditor will audit CCR, sustainability reporting?
- What is the role of the International Financial Reporting Standards (IFRS)?
- Difficulties in understanding and interpreting the Task Force on Climate-Related Financial Disclosures (TCFD), IAS 6, IAS 7, IAS 37, IAS 36?
- Information system for CCR
- The differences on approaching environmental and climate change managerial issues between developed, developing under developed countries,
- Classifying, valuating, booking, reporting stranded assets,
- Evaluating, classifying, addressing CCR in integrated reporting (IR) and role of accountant, auditor in preparing IR.
- Fraud examination on CRR valuating, planning, budgeting, costing, reporting, auditing
Manuscripts should be prepared following the normal guidelines for the journal and may be submitted via ScholarOne: http://mc.manuscriptcentral.com/ijccsm
Please ensure you check the "Effects of Climate Change on Accounting, Finance, Auditing and Governance" option when submitting your manuscript.
Paper synopses (1,000 words) should be submitted by: 15th May 2019
Authors of papers selected for publication will be invited to join the 10th International Conference on Governance Fraud Ethics and Coporate Social Responsibility (10th IConGFESR) on 25th - 26th April 2019.
If you have any questions please contact the Guest Editor.
Prof Dr Kiymet Tunca Caliyurt
Professor, Business Administration Department
Trakya University, Turkey
For more information about this special issue, please click here.