• IOSCO welcomes the work of IAASB and IESBA on assurance of sustainability-related corporate reporting

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.