1) For this assignment, since it involves very techniqual accounting solving problems, I want to hire someone with accounting degree and also with lots of experiences solving similar tasks to finish...

TASK
QUESTION 1)
The importance of ‘Disclosures’ in financial reporting as it helps in analyzing the position of the company in a better way and it helps investors as well as outsiders to find out the position and whether there are growth opportunities is there or not in the company. In addition to this disclosure there is also a requirement as per prominent Canadian Journalist that ‘Investor should know the impact of the climate crisis on the businesses’ and in this article the importance of disclosure is point out that investors lack access to the information of the climate crisis on the American Companies.
The bill highlights the importance to make mandate the disclosure of climate risk on the company so that the investor becomes aware of the risk on the company and also ask U.S. Securities and Exchange Commission to make rules regarding the disclosure of climate crisis on the company and also the effect of climate exposure on the valuation of the company have to be detailed out. There is a certain question which was raised in his article whether the market lack information of the risk of climate on the companies, whether the assets of the company valued in the absence of the assessed risk. The other question that was raised in the article is how easy it is to build a portfolio based on climate risk? But based on the view of Institutional Investor they were dissatisfied with the reporting which raised a question whether the non disclosure shows the lack of internal focus or shows legitimate immateriality.
The further discussion raised the question whether the rules are put mandatorily to disclose the climate risk or it should be put down voluntarily? And which path will provide reliable, transparent disclosure.
The question of whether the company will disclose voluntarily climate risk? Was supported by the government in the last budget by voluntary disclosure Standards which was drawn up by 31 member group which was chosen from the G20 to help in making the reliable, consistent climate-related reporting standards and according to the survey done in last month it raised the concern that not many companies are disclosing climate- related information which shows that the adoption is slow but the lack of standard way of reporting climate risk within industries and also the companies for whom the climate-related risk are material is also not disclosing. The task force which was set up for the formulation of climate-related standard came up with 11 recommended disclosures and on the basis of the survey on the quarter of companies has complied with more than 5 of the recommended disclosure on climate.
On the basis of the evaluation of Wells article which highlights a various question that how the climate-related risk is affecting the company and disclosure of it will make the investor aware of the risk. The important point is that while many Institutional Investor, Corporate thinks the disclosure of climate-related risk is not necessitate for reporting so the government in the last budget has made adoption of climate- related risk voluntarily which according to survey highlights that only few companies has adopted the few standards out of 11 recommending standards which shows that the voluntary adoption of climate-related standard shows the view that there is lack of urgency to adopt the standard within times. This highlights that the corporate and other people shows that the disclosure of climate- related risk is not important because under voluntary adoption only a few companies have adopted the disclosure standard and will not be adopted by most of the corporate until it becomes mandatory or the situation develops which makes it compulsory to disclose the climate-related risk on the business. The importance of disclosure of climate -related risk is not to be adopted by one country only but other countries also the...