IOSCO welcomes work on assurance of sustainability-related corporate reporting

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Sep 15, 2022

On September 15, 2022, the International Organization of Securities Commissions (IOSCO) 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.

The statement released on the IOSCO website notes:

In particular, IOSCO welcomes 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. This work will serve to support the consistency, comparability and reliability of sustainability-related information provided to the market, enhancing trust in the quality of that information.

IOSCO also welcomes the dialogue that the IAASB and the IESBA have opened with the International Sustainability Standards Board (ISSB). IOSCO encourages continued close engagement as the standard-setters advance their respective work programmes to foster compatibility between international financial reporting, sustainability reporting, and assurance standards.

Review the full statement on the IOSCO's website.

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