IOSCO welcomes the work of IAASB and IESBA on assurance of sustainability-related corporate reporting
23 September 2022
The International Organization of Securities Commissions (IOSCO) has released a Statement in which it has welcomed the work of the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) on assurance of sustainability-related corporate reporting. In particular, IOSCO has welcomed the Boards’ plans to work towards high-quality, global assurance and ethics (including independence) standards that are profession-agnostic and can support limited, and ultimately, reasonable assurance of sustainability-related information.
The IOSCO has highlighted the following three priority area for the consideration of the IAASB and IESBA:
- The importance of profession-agnostic standards, timely progress and collaboration
- Focus on promoting transparency
- Addressing challenging issues
The full statement by the IOSCO may be accessed here.