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A comprehensive Study of the Consequences of Climate Risks from the Perspective of Accounting with a Meta-Synthesis Approach

    Authors

    1 Assistant Professor, Department of Accounting, Faculty of Economic and Management, University of Tabriz, Tabriz, Iran

    2 M.Sc. in Accounting, Department of Accounting, Faculty of Economic and Management

,

Document Type : Research Paper

Abstract

Purpose: Nowdays, climate change has become one of the emerging risks in the world of business, so the aim of this research is to comprehensively study the implications of climate risks in accounting.

Method: This research is practical in terms of purpose and it is a qualitative research in terms of the nature of data analysis with a meta-synthesis approach. For this purpose, by referring to english and persian studies published in reliable databases, in all geographical areas and during the years 2010 to january 2024), 47 articles were identified with the prisma method, also shannon's entropy was used to rank the concepts.

Results: In the current research, a comprehensive framework is presented using the seven-stage model of Sandelowski and Barroso, this framework includes 2 sub-categories, 15 concepts and 81 codes around the main category of accunting consequences of climate risks. The results also show low allocation of cash for investment, impairment of tangible fixed assets, increasing audit risk and the frequency of assessment of asset impairment, reducing company revenues and bank borrowing, increasing tax avoidance and conservatism in accounting are among the most important consequences of climate change in accounting.

Conclusion: The results of this research indicate the need to pay attention to climate risks as one of the emerging components in accounting policies, especially the formulation of accounting standards.

Contribution: The present research provides evidence of different consequences of climate risks in accounting. This issue can draw the attention of accounting standard setters to the requirement to disclose information related to climate risks in the annual reporting of companies, and in this way the transparency of financial reporting in the field of climate will increase

Keywords

Main Subjects

References
 
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Financial Accounting Knowledge
Volume 10, Issue 4 - Serial Number 39
January 2024
Pages 27-55
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