IAASB Releases Working Group Paper on Supporting Credibility and Trust in Emerging Forms of External Reporting

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Aug 18, 2016

On August 18, 2016, the International Auditing and Assurance Standards Board (IAASB) released a Discussion Paper, “Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements”. The Discussion Paper sets out the principal findings from research and outreach regarding developments in emerging forms of external reporting (referred to as EER) frameworks and professional services most relevant to EER reports, irrespective of whether such reports are part of the annual report or published as separate reports. An important form of EER is integrated reporting.

The Discussion Paper, prepared by the IAASB’s Integrated Reporting Working Group explores:

  • the factors that can enhance credibility and trust, internally and externally, in relation to emerging forms of external reports;
  • the types of professional services covered by the IAASB’s international standards most relevant to these reports, in particular assurance engagements;
  • the key challenges in relation to assurance engagements; and
  • the type of guidance that might be helpful to support the quality of these assurance engagements.

The Working Group also developed materials to supplement the Discussion Paper, including FAQs. This material, as well as more information and updates on the project, are available on the IAASB’s project page

Comments on the Discussion Paper are requested by December 15, 2016.

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