Pub. 3 2021 Issue 3

25 nebraska society of cpas W W W . N E S C P A . O R G Sage Intacct customers achieve an average 250% ROI and payback in less than 6 months: • Reduce time to close by as much as 79% • See real-time reporting across hundreds of consolidated entities • Put finance leaders in a position to drive more growth Enter code FREE20 at Altavistatech.com/consult to claim your FREE CLOUD-ACCOUNTING CONSULTATION. Alta Vista Technology is now in Lincoln! Are your customers using the only cloud accounting software recommended by the AICPA? www.altavistatech.com | 1.855.913.3228 | info@altavistatech.com 1 Jean-Michel Sahut, Marta Peris-Ortiz, and Frederic Teulon, “Corporate Social Responsibility and Governance,” Journal of Management and Governance (June 26, 2019) pages 901–912. https://doi.org/10.1007/s10997-019-09472-2 2 https://opportunity.businessroundtable.org/ourcommitment 3 https://home.kpmg/xx/en/home/insights/2020/08/global-ceo-outlook-2020.html 4 Alan J. Richardson and Michael Welker, “Social Disclosure, Financial Disclosure and the Cost of Equity Capital,” Accounting, Organizations and Society (26 [7/8], 2001) pages 597–616. ht tps://doi.org/10.1016/ S0361-3682(01)00025-3 5 Baruch Lev, Christine Petrovits, and Suresh Radhakrishnan, “Is Doing Good Good for You? How Corporate Charitable Contributions Enhance Revenue Growth,” StrategicManagement Journal (31 [2] 2010) pages 182–200. https://doi.org/10.1002/smj.810 6 Henri Servaes and Ane Tamayo, “The Impact of Corporate Social Responsibility on FirmValue: The Role of Customer Awareness,”Management Science, (Vol. 59, No. 5, 2013) pages 1045–1061. www.jstor.org/stable/23443926 7 https://www.pwc.com/us/en/cfodirect/publications/in-the-loop/sec-new- human-capital-disclosure-rules.html 8 Statement of Intent to Work Together Towards Comprehensive Corporate Reporting. Robert Bloom, PhD, is professor of accountancy, Anderson Fellow, for the Boler College of Business at John Carroll University in University Heights, Ohio. He can be reached at rbloom@jcu.edu. Mark J. Myring, PhD, is associate dean for graduate programs and strategic initiatives and alumni distinguished professor of accounting for the Miller College of Business at Ball State University in Muncie, Ind. He can be reached at mmyring@bsu.edu . Reprinted with permission of the Pennsylvania Institute of Certified Public Accountants. Companies considering reporting ESG items must carefully evaluate the benefits and costs of this type of reporting in the context of industry trends and political climate. The cost of producing an ESG report must be weighed against the benefits, both financial and nonfinancial.