The Center for Audit Quality (CAQ) last week released a report discussing current requirements for public company auditors regarding climate-related disclosures. The publication’s goal is to provide an understanding of how company management and their auditors apply current U.S. accounting and auditing requirements for financial statements related to climate-related risks.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....