Standards boards team up to strengthen sustainability assurance market
The two standards come after repeated calls for more transparency in this industry.
The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) have published joint guidance to increase trust and transparency around sustainability reporting assurance.
The standards establish clear expectations and specific requirements for auditors and other organisations providing assurance on sustainability information. They come after repeated calls for more transparency and standardisation for this industry, with demand growing rapidly as more and more jurisdictions (including the EU with CSRD) require third-party assurance of sustainability disclosures.
