Article Published by Vonya Global Describing Internal Audit's Role in SEC's Climate Regulation

CHICAGO - March 23, 2022 - PRLog -- Vonya Global recently published an article that explains Internal Audit's role in the SEC's Climate Regulation and broader Environmental, Social, and Corporate Governance (ESG) disclosure requirements.

The issue of climate change has been one of many at the forefront of the Biden Administration as a key policy priority. One of the elements of this policy was a collection of regulations by the Securities and Exchange Commission (SEC) that would push for companies having to make further financial disclosures regarding any environmental impact their company has made concerning climate change, including any measures to fight climate change.

According to the Institute of Internal Auditors (IIA), 51% of organizations that report on Environmental, Social, and Corporate Governance (ESG) obtain some level of assurance from their Internal Audit functions. This will be true for the SEC's climate disclosure requirements. The problem is that most internal auditors are not yet comfortable with the role they must play in climate and ESG.

This article published by Vonya Global prepares internal auditors so they can get ahead of this new rule to help provide assurance and evaluate the process of reporting these climate-related metrics to the SEC. The article includes four scenarios for internal auditors to consider.

To read the article, please visit the Vonya Global website: https://vonyaglobal.com/insights/the-secs-new-climate-ris...