CPAs are complicit in false financial reporting. Their "GAAP" deliberately excludes externalities costs. Everybody knows this, but we are living in an age of moral indifference. The first step towards environmental and economic justice is to expand GAAP to define reporting standards for quantifying externality costs, include them in financial statements. The valuation profession can handle this. Then we can have a conversation about how they will be either paid or outlawed..
CPAs are complicit in false financial reporting. Their "GAAP" deliberately excludes externalities costs. Everybody knows this, but we are living in an age of moral indifference. The first step towards environmental and economic justice is to expand GAAP to define reporting standards for quantifying externality costs, include them in financial statements. The valuation profession can handle this. Then we can have a conversation about how they will be either paid or outlawed..
ToddBoyle 7 months ago