Consultation response

3 February 2017

IAASB Discussion paper: Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements

We responded to the IAASB discussion paper “Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements“.

Assurance and possibly other forms of involvement by a professional practitioner can play an essential role in enhancing credibility and trust in EER reports.

The discussion paper sets out the key challenges well but the IAASB cannot solve these alone. The various stakeholders have a role to play in this.

We do not consider it would be the right approach for the IAASB to develop a lot of detailed standards at present. Any guidance should remain at a high level and focus on consistency of principles already present in the IAASB’s assurance framework and ISAE 3000. However, in order to reach a swift maturity, the way forward is to achieve a certain level of consistency on an international level.

Related content

Consultation responseIAASB’s consultation on Extended External Reporting (EER) assurance

27 June 2019

EventTax Day 2020

19 February 2020

EventSustainable Value for Money

20 November 2019

EventDigital Day 2019: What does innovation cost?

19 November 2019

In the mediaAn Overview of KAMs in the European Banking Sector

15 November 2019

NewsDigitalisation Awards 2019

8 November 2019

UpdateSME

6 November 2019

EventSME agenda for ECON: new term, what priorities?

5 November 2019

EventEvolving needs of SMEs: the profession’s role?

24 October 2019

UpdateSustainable Finance

22 October 2019

PublicationSustainable Finance call to action

22 October 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

21 October 2019

BlogIs sustainable finance gender neutral?

16 October 2019

PublicationEU Directive on Whistleblower protection

7 October 2019

PublicationKey audit matters in European Banking sector – update 2019

7 October 2019

NewsSME Update

4 October 2019

PublicationHow to secure financing for SMEs?

30 September 2019

Consultation responseEuropean Corporate Reporting Lab @EFRAG consultation on future projects

25 September 2019

Consultation responseIAASB consultation on Audits of Less Complex Entities

17 September 2019

PublicationTax Dispute Resolution

13 September 2019

EventIs sustainable finance gender neutral?

10 September 2019

Sign up for our newsletter