Audit firms face review by watchdog over climate risk exposure

Financial Reporting Council wants to ensure companies are being clear with investors

The UK's accounting watchdog has launched a major review into whether companies and their auditors are adequately reflecting the financial risks of the climate crisis in their accounts.

The Financial Reporting Council, which sets reporting standards for all listed companies in the UK, plans to use the review to make sure companies are being clear with investors about their exposure to climate risks.