The inaugural IFRS Sustainability Symposium convenes global businesses, investors and policymakers to discuss progress towards a global baseline of sustainability disclosures to inform investment decisions.
This proposed section, Part 10, Audits of Group Financial Statements,is intended to form part of the proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) when finalized. Group audits were not included in the scope of the original Exposure Draft of the ISA for LCE.
The current sustainability reporting and assurance landscape is rapidly evolving, with important stakeholders showing an increased interest in sustainability-related corporate reporting information. Trust in such reporting is a key issue for many stakeholders, in particular investors who are increasingly using this information for capital allocation and other decisions.
Assurance over sustainability-related information is not something new; however, the importance placed on the reliability of such information is radically increasing, suggesting that a new era of sustainability reporting and assurance is emerging.
