Resources
Climate assurance
A suite of resources to enable boards and audit committees to evaluate the need for assurance over climate-related activities.
Event
Conference: Sustainability assurance
Against the backdrop of an unprecedented demand for sustainability assurance services, hear from a range of experts on the opportunities and challenges facing preparers and assurance providers. Find out more at the Audit and Assurance Faculty's conference on 10 June 2024.
Thought leadership report
Shaping sustainability standard setting
This new report from the Corporate Reporting Faculty examines rapid changes in sustainability reporting standard setting, highlighting challenges these standard-setters face and key takeaways from the accounting standard-setting experience.
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Sustainability assurance: embracing the future
Hear from our new CEO Alan Vallance on the critical role of sustainability assurance in today's business landscape.
Proposed international assurance standard
Consultation opens on global sustainability assurance standard
- Article
The International Auditing and Assurance Standards Board (IAASB) is calling on anyone involved with preparing, using and regulating sustainability reports to feedback on its proposed International Standard on Sustainability Assurance – ISSA 5000.
ICAEW REP 114/23 ISSA 5000
- Representation
- PDF (393kb)
A representation dated 1 December 2023 to a consultation published by IAASB in August 2023.
Sustainability reporting standard setting
IFRS Sustainability Disclosure Standards
- Helpsheets and support
On this page, the Corporate Reporting Faculty provides an introduction to the work of the International Sustainability Standards Board (ISSB) and its IFRS Sustainability Disclosure Standards.
European Sustainability Reporting and Assurance
- Helpsheets and support
An overview of the EU legal framework for sustainability reporting, under the Corporate Sustainability Reporting Directive (CSRD).
CSRD scope and timing
- Helpsheets and support
The CSRD applies to a broad range of companies. This page covers the scope, timing and exemptions for applying CSRD.
SEC standardises climate-related disclosures for investors
- Article
The US Securities and Exchange Commission has clarified its climate-related disclosures rules after a lengthy deliberation period.
Latest news and insights
Sustainability assurance under the spotlight
- Article
- 30 May 2024
ICAEW’s audit and assurance conference, taking place next month, will focus on sustainability assurance in recognition of the vital role it plays in enhancing trust in business.
Government delivers timeline for S1 and S2 endorsement
- Article
- 20 May 2024
Dates for endorsement of the International Sustainability Standards Board’s IFRS S1 and IFRS S2 standards announced, ending speculation over timescales for new reporting requirements.
FRC launches UK sustainability assurance market study
- Article
- 16 Apr 2024
ICAEW’s Audit & Assurance Faculty welcomed the launch on 21 March of the Financial Reporting Council’s first-ever market study, looking at the UK market for sustainable assurance services.
Exclusive
Exploring Critical Questions in CSRD Assurance for Professional Service Firms
- Article
- 16 Nov 2023
Polly Tsang, Financial Services Manager explores some of the issues Professional Services Firms need to be thinking about now with the introduction of the Corporate Sustainability Directive (CSRD) in 2025.
Exclusive
European sustainability reporting developments: what do they mean for UK companies?
- Article
- 06 Oct 2023
Companies subject to the EU’s Corporate Sustainability Reporting Directive will be required to apply European Sustainability Reporting Standards from as early as 2024. Dave Rice examines the implications for UK companies.
Exclusive
Update on sustainability reporting and assurance
- Article
- 08 Sep 2023
Resources to help auditors keep up with developments around climate, ESG and sustainability reporting, and assurance.
Helpsheets and guidance
Exclusive
Global sustainability reporting and assurance requirements: your questions answered
- Webinar
We explore current and future sustainability reporting and assurance requirements and put your questions to our expert panel.
Introduction to CSRD and SEC Climate Reporting & Assurance requirements
- Webinar
An Overview of Corporate Sustainability Reporting Directive and SEC Climate disclosures.
What is assurance?
- Helpsheets and support
Discover what assurance means, what can trigger the need for assurance, what an assurance engagement is and what assurance mapping is.
Limited assurance vs reasonable assurance
- Article
Where the client and the practitioner establish that an assurance service is being sought, ISAE 3000 (Revised) provides two options; reasonable and limited assurance.
Practical help and tools for organisations procuring assurance
- Article
On this page we provide information for the ‘buyer’, i.e. organisations that procure assurance services.
Assurance mapping
- Helpsheets and support
Assurance maps can be a powerful tool providing great insights for boards, senior management and audit committees. Here the Audit and Assurance Faculty explores the concept of assurance maps and the benefits to various stakeholders.
Buyer’s guide to assurance on non-financial information
- Helpsheets and support
What is assurance? How does it work and why might it be useful to users of non-financial information? This ‘Buyer's Guide to Assurance on non-financial information’, written collaboratively between ICAEW’s Audit and Assurance Faculty and the World Business Council for Sustainable Development , addresses these questions to bring much needed clarity on what is often perceived as a confusing topic.
