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Deloitte comment letter on the IAASB’s consultation paper on extended external reporting assurance

Published on: 30 Sep 2019

We have responded to the International Auditing and Assurance Standards Board’s (IAASB’s) consultation paper on extended external reporting assurance.

Consistent with our response to the discussion paper on this topic issued by the IAASB in 2016, we support and appreciate the work of the IAASB regarding extended external reporting (EER) and the issuance of the EER consultation paper. The demand for assurance in areas outside of the financial statements continues to grow and EER reporting is an area of increasing focus by investors.

We recognise the need to provide guidance to enable more consistent and appropriate application of International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information, to assurance engagements over extended external reporting (EER) subject matter information.

We believe that several aspects of the consultation paper should be revisited to provide additional clarity and greater consistency in application of ISAE 3000 (revised). These areas include:

  • Applicability of the EER consultation paper
  • The structure of the draft guidance
  • Use of examples and diagrams
  • Terminology

We have also provided some recommendations regarding certain topics to be developed as part of phase 2 of the project.

The full comment letter is available below.


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