Accountants are to audit carbon as part of the Carbon Reduction Commitment
Finance directors and auditors are sweating over new rules that will require them to assess the accuracy of companies’ carbon usage.
Accountants will be required to get to grips with auditing carbon as part of the Carbon Reduction Commitment.
Businesses that qualify for the CRC will have to pay for their estimated carbon use before they use it.
But there are issues as to how to classify the charge: as an asset, an expense, or a tax.
The CRC comes in next year, so some companies will have to work out what they are doing by the first quarter next year, KPMG said.
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