Publication

20 January 2005

Alert on Emissions Trading

The European Union Greenhouse Gas Emissions Trading Scheme (EU ETS), which commenced operation on 1 January 2005, is a major part of Europe’s strategy to comply with the United Nations’ climate change strategy, the Kyoto Protocol. The European accountancy profession’s latest publication, entitled, ‘FEE Alert: Emissions Trading’ considers the financial reporting and auditing issues, impacting upon the financial statements, arising from the new scheme.

The EU ETS foresees the use of third party verifiers who are engaged by the company to report on annual emissions data supplied to government. Early and effective liaison between the company, its verifier and its auditor is important to ensure that the verification and necessary assurance, required to audit the financial statements, are achieved in the most efficient and effective way.

 Position Paper

 

 

Related content

WorkshopSustainability assurance under the CSRD: practical implications

22 June 2022

EventSummer networking cocktail

7 June 2022

EventESEF in practice 3: sustainability

30 May 2022

Consultation responseEC’s corporate sustainability due diligence proposal

20 May 2022

EventAudit quality: definition, drivers and indicators

18 May 2022

UpdateTax Policy

16 May 2022

UpdateAudit Policy

12 May 2022

UpdateSustainability

11 May 2022

NewsletterNewsletter May 2022

10 May 2022

PublicationSustainability assurance under the CSRD

10 May 2022

PublicationAudit Quality Indicators: a global overview of initiatives

5 May 2022

UpdateTax Policy

21 April 2022

Consultation responseLetter to Commissioner McGuinness on European sustainability reporting standards

21 April 2022

UpdateAudit Policy

13 April 2022

PublicationESG Governance

12 April 2022

UpdateSustainability

8 April 2022

Consultation responseEC’s consultation on VAT in the digital age

30 March 2022

EventCSRD: state of play before the final EU negotiations

30 March 2022

NewsletterNewsletter March 2022

29 March 2022

EventIntellectual property for accountants – train the adviser

25 March 2022

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?