The objective of the Integrated Reporting Working Group (WG) is to:
(i) Explore emerging developments in integrated reporting and other emerging developments in external reporting;
(ii) Gather further information on the demand for assurance, the scope of the assurance engagement and the key assurance issues; and
(iii) Explore how the IAASB most effectively can respond via International Standards or non-authoritative guidance (including Staff publications) and in what timeframe.
MEETING HIGHLIGHTS - JUNE 2017
Emerging External Reporting
The IAASB received a presentation about the high level observations from the comment letters received to the Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting. It was noted that respondents generally supported the development of guidance on how to apply existing international assurance standards rather than developing new standards, and that the IAASB should continue to provide thought leadership on assurance issues and coordinate its work with other relevant organizations.
At its September 2014 meeting the Innovation WG proposed, and the IAASB agreed to establish a working group to specifically monitor the developing interest in integrated reporting and the demand for assurance on integrated reports. This includes initial thinking on the nature of such engagements, including the scope of the assurance engagement, the suitability of the criteria, and other matters related to assurance on integrated reports.
In August 2016 the Integrated Reporting Working Group has released a Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements, which is open for commenting till December 2016.