On March 6, 2024, the SEC released its long-awaited final rules with respect to climate-related disclosures for public companies. These rules reflected the SEC’s attempt at responding to investors’ demand for more information about climate-related risks while also balancing the costs of implementing the disclosure requirements. This course provides an overview of the climate-related disclosure requirements along with information about when public companies must start including these disclosures in their respective filings.
Publication Date: April 2024
Topics Covered
- How Did We Get Here?
- Pre-2000s to Early 2010s
- SEC’s Initial Guidance (2010-2015)
- Rising Investor Pressure and Voluntary Reporting Initiatives (Mid-2010s to Early 2020s)
- SEC Review and Proposed Rules (2022-2023)
- Climate Introduction
- Climate-Related Risk
- Greenhouse Gases (GHGs)
- Carbon Offsets & Renewable Energy Credits (RECs)
- Internal Carbon Prices
Learning Objectives
- Recognize how the SEC climate-related disclosures have evolved
- Identify types of climate related risks
- Recognize how to differentiate between Scope 1, 2, and 3 emissions
- Recognize qualitative and quantitative climate-related disclosures
- Identify assurance requirements and compliance dates for different types of entities
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (4 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Kelen Camehl
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350 CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".
Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.