Discussion Paper, Supporting Credibility and Trust in Emerging Forms of External Reporting

Ten Key Challenges for Assurance Engagements

Aug 17, 2016 | Exposure Drafts and Consultation Papers
76 Pages

Comments due by: Feb 03, 2017

The International Auditing and Assurance Standards Board (IAASB)’s 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.

It is intended to facilitate an open discussion about the IAASB’s potential role and where others can or need to play a role in a holistic and interactive process to support credibility and trust in these reports.

The Discussion Paper 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.

It also sets out the principal findings from research and outreach regarding developments in 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.

A Frequently Asked Questions page and At a Glance document have been created as additional resources.  

Comments to the Discussion Paper are requested by February 3, 2017.


Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. Gertjan STORM (European Partners for the Environment)
December 7, 2016

2. Chris Barnard  (Germany)
December 14, 2016

3. Institute of Chartered Accountants of Zimbabwe (ICAZ)  (Zimbabwe)
December 15, 2016

4. Federación Argentina de Consejos Profesionales de Ciencias Económicas  (Argentina)
December 15, 2016

5. Malaysian Institute of Certified Public Accountants  (Malaysia)
December 20, 2016

6. Financial Reporting Council (UK)  (United Kingdom)
January 23, 2017

7. The Institute of Internal Auditors
January 26, 2017

8. Crowe Horwath International
January 27, 2017

9. ICAEW  (United Kingdom)
January 31, 2017

10. Deakin University
January 31, 2017

11. Australian Auditing and Assurance Standards Board  (Australia)
February 1, 2017

12. Chartered Accountants Australia and New Zealand
February 2, 2017

13. New Zealand Auditing and Assurance Standards Board of the XRB  (New Zealand)
February 2, 2017

14. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW)  (Germany)
February 2, 2017

15. Royal Netherlands Institute of Chartered Accountants (NBA)  (Netherlands)
February 2, 2017

16. ASSIREVI  (Italy)
February 2, 2017

17. South African Institute of Chartered Accountants (SAICA)  (South Africa)
February 2, 2017

18. The Japanese Institute of Certified Public Accountants  (Japan)
February 3, 2017

19. Chartered Professional Accountants of Canada (CPA Canada)  (Canada)
February 3, 2017

20. Malaysian Institute of Accountants  (Malaysia)
February 3, 2017

21. KPMG LLP  (United Kingdom)
February 3, 2017

22. PwC Network of firms
February 3, 2017

23. IFAC Professional Accountants in Business Committee
February 3, 2017

24. Jean Thiomas Giraud  (Haiti)
February 3, 2017

25. Accountancy Europe  (Belgium)
February 3, 2017

26. Moore Stephens LLP  (United Kingdom)
February 3, 2017

27. The Association of Chartered Certified Accountants (ACCA)
February 3, 2017

28. Ernst & Young Global Limited
February 3, 2017

29. European Federation of Accountants and Auditors for SMEs (EFAA)
February 3, 2017

30. IFAC SMP Committee
February 6, 2017

31. Integrated Reporting Committee (IRC)
February 6, 2017

32. CPA Australia  (Australia)
February 10, 2017

33. ICAS  (United Kingdom)
February 13, 2017

34. PRI
February 14, 2017

35. American Institute of Certified Public Accountants  (United States)
February 17, 2017

36. Denise Silva Ferreira Juvenal  (Brazil)
February 27, 2017

37. Independent Regulatory Board for Auditors  (South Africa)
March 7, 2017

38. The Compagnie Nationale des Commissaires aux Comptes (CNCC) and the Conseil Supérieur de l’Ordre des Experts-Comptables (CSOEC)  (France)
March 14, 2017

39. Deloitte Touche Tohmatsu Limited
April 13, 2017


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