Investors with social responsibility on their agenda believe the rules are too lax and support suggestions that companies disclose and quantify all potential environmental and legal risks
Investors will be up against auditors, companies and lawyers in the US as the standard considers opinions on changes to accounting disclosure rules.
The Financial Accounting Standards board's current draft of a paper on changes disclosure rules require companies to reveal threats that seem remotely probable if the issue is to be dealt with within a year.
Investors with social responsibility on their agenda believe the rules are too lax and support the Financial Accounting Standards Board's draft which suggests that companies disclose and quantify all potential environmental and legal risks. Investors however are also of the view that more should be done to reveal potential risks associated with environmental or social-justice violations.
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