This guidance will help stakeholders understand how to reference IFRS Accounting Standards to follow recent updates to the IFRS Foundation® Trade Mark Guidelines. This guidance clarifies how auditors or practitioners should refer to the IFRS Accounting Standards in their reports.

Through an integrated internal control environment based on an integrated mindset, companies will achieve greater connectivity of functions, processes and systems leading to enhanced data quality to improve decision making on strategy, risk, opportunity management and governance-related matters. This is the foundation for transitioning to a more sustainable business model and enhancing investor and stakeholder confidence in sustainability performance.

As part of the IAASB's intensive outreach campaign across the globe, there were requests from a range of stakeholders to provide additional information on materiality matters to better help them navigate the recently proposed International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements.

This Q&A publication is designed to highlight, illustrate, or explain aspects of the Code's recent revisions that holistically address the various independence considerations in an audit of group financial statements and is intended to complement the Basis for Conclusions for the final pronouncement.