This high-level summary is designed to highlight non-assurance services, relationships, interests, or circumstances that are prohibited for PIE audits. It will be a useful reference to stakeholders, including regulators and audit oversight bodies, audit firms and individual audit practitioners, the corporate governance community, investors, preparers, and educational bodies or institutions.
This paper was developed to help Professional Accountancy Organizations (PAOs) and professional accountancy firms coalesce around key issues facing the global accountancy profession; to facilitate conversation and share learnings; and to encourage and support local action to drive the changes needed to ensure a vibrant future for the profession.
The Exposure Draft on International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA) and ethics standards for sustainability reporting proposes a clear framework of expected behaviors and ethics provisions for use by all sustainability assurance practitioners regardless of their professional backgrounds, as well as professional accountants involved in sustainability reporting.
and Other Revisions to the Code Relating to Sustainability Assurance and Reporting
This Explanatory Memorandum is intended to be read with the separate Exposure Draft of the Proposed IESSA and Other Revisions to the Code Relating to Sustainability Assurance and Reporting, which was developed and approved by the IESBA.
The IPSASB added Differential Reporting to its work program in March 2022, based on constituent responses to the 2021 Mid-Period Work Program Consultation. The aim of the project was to explore the potential development of an international differential reporting model. The first stage of any major standard-setting project is to conduct research and scoping activities.
