Publication

17 December 2015

FEE issues views on the role of practitioners in providing assurance on disclosure of non-financial information

 

This FEE Position Paper focusses on the role of practitioners in providing assurance on the requirements of the EU Directive on disclosure of non-financial and diversity information. Member States should have transposed this Directive into their national laws by 6 December 2016; companies will need to apply this to their reports from 2017 on.

The Directive requires 6,000 large European companies to disclose information at least on environmental, social, and employee-related matters, as well as on the respect for human rights, anti-corruption, and bribery issues. These companies also have to disclose the diversity policy for their administrative, management and supervisory boards.

Statutory auditors need to “check” whether these disclosures are actually reported. Member States may also require an independent assurance service provider to “verify” this information.

In this paper, FEE sets out what these provisions mean in practice and how the European accountancy profession can add credibility and trust to the data reported, and serve stakeholders’ needs.

Related document:
FEE Position Paper on EU Directive on disclosure of non-financial and diversity information – The role of practitioners in providing assurance

Related files:
  Factsheet on EU Directive on disclosure of non-financial and diversity information by certain large undertakings and groups

 

Related content

EventThe path to high-quality non-financial information assurance

26 November 2020

UpdateAudit Policy

23 November 2020

EventSmall in size, big in impact: Can NFI work for SMEs?

19 November 2020

Consultation responseEFRAG’s consultation on the ad personam mandate on non-financial reporting standard setting

18 November 2020

UpdateSustainable Finance

13 November 2020

Podcast Sustainable finance – an inside look

13 November 2020

NewsOur work towards the Future of Corporate Reporting

2 November 2020

UpdateSME Update

30 October 2020

Podcast The European Commission’s take on ESEF

30 October 2020

Consultation responseEc’s public consultation on the Carbon Border Adjustment Mechanism (CBAM).

28 October 2020

UpdateAudit Policy

23 October 2020

BlogReliable non-financial information to progress sustainable finance

21 October 2020

EventMembers’ Webinar Series

21 October 2020

UpdateSustainable Finance

16 October 2020

Consultation responseEC’s public consultation on the Energy Tax Directive

15 October 2020

EventImplementing ESEF

12 October 2020

UpdateTax Policy

9 October 2020

NewsAccountancy Europe welcomes EU sustainable corporate governance initiative

8 October 2020

Consultation responseEC roadmap on sustainable corporate governance

8 October 2020

Consultation responseEC’s consultation on the establishment of an EU Green Bond Standard. 

5 October 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?