The International Auditing and Assurance Standards Board (IAASB) has agreed to collaborate with the World Business Council for Sustainable Development (WBCSD) to support their project to incorporate sustainability into mainstream reporting.

The WBCSD has decided to fund the IAASB’s support of its Redefining Value project stating that the Board’s independent decision making will better support emerging external reporting assurance. The project aims to ensure that external reporting follows the applicable IAASB international assurance standards, therefore, the IAASB has agreed to develop guidance for applying existing assurance standards to emerging external reporting (EER) assurance.

WBCSD managing director of redefining value, Rodney Irwin said: “The scale of the challenges we face in moving towards a system that considers financial and non-financial information requires unprecedented collaboration.”

Work will commence from December 2017 and draft guidance is expected by the end of 2018.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.