Preparing PICPA Members to Address the Top Accounting Issues of Today and Tomorrow
The PICPA Insights project will produce research, analysis, and resources on cutting-edge issues impacting the accounting profession. The project will survey PICPA members across targeted segments, including within public accounting and corporate finance, and produce results for firm, company, and organization benchmarking. Insights will feature analysis of these results from subject matter experts and include resources such as white papers, podcasts, and microsites to help members level up on these critical issues. Workshops will provide members the opportunity to enhance their learning on these subjects while also connecting with their peers.
ESG – Are We Experiencing a Reporting Revolution?
PICPA Insights’ first project surveyed PICPA members on their awareness, level of interest, and assumptions related to environmental, social, and governance (ESG) reporting, including their understanding of the impact ESG may have on their firm or company. With this understanding, we analyzed the disparities between the expert-defined scale of ESG opportunity and our members’ understanding of the space and readiness to embrace the opportunity.
We discovered that ESG matters to CPAs, but those same survey respondents admitted to a general lack of familiarity with standards, ESG issues and concepts, and the potential impact of ESG on their firm or company. Forthcoming SEC rules and further development of international standards create some level of ESG reporting exposure for a large portion of the PICPA membership and the accounting profession as a whole.
A detailed white paper has been released exclusively for PICPA members.