IFAC releases new placemat to guide audit committees to oversee sustainability-related disclosure

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02 Jun, 2023

The International Federation of Accountants (IFAC) has released a placemat ‘Key Questions for Audit Committees Overseeing Sustainability-Related Disclosure’ to guide audit committees to oversee sustainability-related disclosure.

IFAC notes that organisations must ensure effective oversight arrangements to deliver high quality, cost effective and decision useful reporting to implement the International Sustainability Standards Board’s (ISSB’s) standards and jurisdictional standards and regulatory requirements for sustainability-related disclosure.

The intent of the placemat is to prepare audit committees with effective questions to ask when overseeing sustainability and ESG related disclosures.

The placemat covers key questions for audit committees in the following categories:

  • Roles and responsibilities across the organisation
  • Data collection, processes and controls
  • What is being reported?
  • Audit and assurance

The press release and the placemat are available on the IFAC website.

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